Apranga APB - Notification on material event

Draft resolutions of the Annual General Meeting of APB Apranga shareholders to be held on 29th April 2011

Vilnius, Lithuania, 2011-04-07 14:28 CEST (GLOBE NEWSWIRE) -- Draft agenda and
draft resolutions for the Annual General Meeting of APB Apranga (hereinafter
‘Company') shareholders to be held on 29 April 2011 proposed by the Board of
the Company: 

1. Consolidated annual report on the activities of the Company in 2010.

Draft resolution:

Taken for the information.

2. Auditor's report on the Company's financial statements and annual report.

Draft resolution:

Taken for the information.

3. Approval of the consolidated and Company's financial statements for the year
2010. 

Draft resolution:

Approve the annual consolidated and Company‘s financial statements for the year
2010. 

4. Company's profit (loss) allocation for the year 2010.

Draft resolution:

Allocate the Company's profit (loss) for the year 2010 according to the draft
of profit (loss) allocation presented for the Annual General Meeting of
shareholders (Annex 3). 

 5. Election of auditors and establishment of the terms of remuneration for
audit services. 

Draft resolution:

Elect UAB PricewaterhouseCoopers as APB Apranga auditor for the year 2011. Set
the amount of the fee payable for audit services for the year 2011 - not more
than LTL 91 000 plus VAT. Authorise the Company's CEO to sign the audit
services agreement with UAB PricewaterhouseCoopers. 

6. Election of the Board member.

Draft resolution:

Elect Vidas Lazickas to the Company's Board, instead of Board member who
resigned, till the end of term of current Board as the candidate nominated by
the main Company‘s shareholder (UAB MG Baltic Investment, which has more than
50% of votes). 

ENCLOSED:

Annex No.1. Consolidated and Company's annual report, annual financial
statements of the year 2010 and the Auditor's conclusion on the financial
statements; 

Annex No.2. Confirmation of persons responsible for the financial statements;

Annex No.3. Draft of profit (loss) allocation for the year 2010;

Annex No.4. General voting bulletin.


         Rimantas Perveneckas
         General Manager
         +370 5 2390801

Attachments:

Annex4_General voting bulletin.pdf

Annex2_Confirmation 2010 EN.pdf

Annex1_APG IFRS 2010 EN_draft.pdf

Annex3_Profit allocation 2010 EN_draft.pdf