Dear Ladies and Gentlemen,

I take the liberty of notifying you that because of personal reasons I decided to resign from the post of the Chairman of the Board of Directors and Executive Director of LANEX a.s. that I was holding for 27 years. My resignation came into force on 25th August 2017. I would like to express my sincere thanks to you for the mutual and always correct cooperation and wish you a good health, happiness and a lot of success in your personal life as well as business.

Ing. Martin Václavek who has been holding the post of the Director for Strategy up to now was appointed as my successor in the post of the Member of the Board of Directors and Executive Director. Due to the fact that he has been employed in top managerial posts of LANEX a.s. – Sales Director, Division Director, Director for Strategy– for 12 years, he familiarized himself with both commercial and production issues of LANEX a.s. and gained an excellent insight into the whole range of products. I believe that he will be a successful successor in the development of the company and that he will maintain the full continuity of reliable business relations with customers, suppliers and all the others.

Yours sincerely,