Vilkyskiu Pienine - Notification on material event

Draft resolutions of Ordinary General Meeting of the Shareholders, to be held on 24 April 2015

Draft decisions for the Ordinary General Meeting of Shareholders of Vilkyskiu
pienine AB to be held on the 24 April 2015, proposed by the Board of the
Company: 

Item 1 of the Agenda: Company's annual report 2014.

Draft resolution: To attended the annual report of the Company of the year 2014.

Item 2 of the Agenda: Auditor‘s Report regarding the Company's Financial
Statements for 2014. 

Draft resolution: Heard.

Item 3 of the Agenda: Approval of Company's annual and consolidated financial
statements of the year 2014. 

Draft resolution: To approve of Company's annual and consolidated financial
statements of the year 2014. 

Item 4 of the Agenda: Profit (loss) appropriation for the year 2014.

Draft resolution: To approve the Audited Profit appropriation for the year 2014
as follows under IAS: 

                                                                         thousan
                                                                          d EUR 
--------------------------------------------------------------------------------
1) Non-appropriated profit (loss) at the end of the year 2013             10,253
--------------------------------------------------------------------------------
2) Approved by shareholders dividends of the year 2013                    1,038 
--------------------------------------------------------------------------------
3) Transfers to reserves provided by law                                    0   
--------------------------------------------------------------------------------
4) Portion of the profit allocated to the reserve for the purchase of      692  
 own shares                                                                     
--------------------------------------------------------------------------------
5) Non-appropriated profit (loss) at the beginning of the year 2013       8,523 
 after dividends payout and transfer to reserves                                
--------------------------------------------------------------------------------
6) Net profit (loss) of the reporting period                              1,886 
--------------------------------------------------------------------------------
7) Transfers from reserves                                                 109  
--------------------------------------------------------------------------------
8) Total profit (loss) to be appropriated:                                10,518
--------------------------------------------------------------------------------
-    portion of the profit allocated to the legal reserve                   0   
--------------------------------------------------------------------------------
-    portion of the profit allocated to the reserve for the purchase of     87  
 own shares                                                                     
--------------------------------------------------------------------------------
-    portion of the profit allocated for payment of the dividends (or      836  
 0.07 EUR per ordinary registered share with nominal value of 0.29 EUR)         
--------------------------------------------------------------------------------
-    portion of the profit allocated to the other reserves                  0   
--------------------------------------------------------------------------------
-    portion of the profit allocated to be paid as annual payouts           43  
 (tantiemes) to board members, bonuses to employees and for other               
 purposes                                                                       
--------------------------------------------------------------------------------
9) Non-appropriated profit (loss) at the end of the year 2014 carried     9,552 
 forward to next financial year                                                 
--------------------------------------------------------------------------------



Item 5 of the Agenda: A decision on the purchase of own shares.

Draft resolution: A decision with regard to the purchase of own shares has been
approved: 

a) To purchase up to 10 percent of the Company's shares.
b) The purpose of acquisition of own shares - to maintain and increase the
price of the Company's shares. 
c) Period during which the Company may acquire own shares - until 27 April 2016.
d) To set the maximum price per share of own shares to be acquired - at 2.10
EUR, at the same time setting the minimum acquisition price per share equal to
the nominal value of a share, i.e. 0.29 EUR. 
e) To commit the Board to organize the purchase of own shares, to determine the
procedure for purchase and sale of shares, time, number of shares and price, as
well as to perform other actions relating thereto in compliance with the terms
set in this resolution as well as in accordance with the requirements
established in the Republic of Lithuania Law of Companies. 

Item 6 of the Agenda: Approval of the new wording of the Articles of
Association and authorization. 

 Draft resolution: Taking into consideration the adopted decisions to change
the expression of the par value of the Company's shares and authorized capital
in litas into expression in euro, amendments of the Republic of Lithuania Law
on Companies, that came into force after registration of the last wording of
the Articles of Association and other amendments provided in the draft of the
Articles of Association amendments, to approve the new wording of the Articles
of Association. To authorize General Manager of the Company (with the right to
reauthorize) to sign the new wording of the Articles of Association. 






         Vilija Milaseviciute
         Economics and finance director
         phone +370 441 55102

Attachments:

Confirmasion of the responsible persons EN.pdf

Separate financial statements for the year ended 31 December 2014.pdf

Articles of Association EN.pdf

Consolidated financial statements for the year ended 31 December 2014.pdf