Linas AB - Notification on material event

Resolutions of Repeated Annual General Meeting of Shareholders

Panevezys, Lithuania, 2013-05-16 12:06 CEST (GLOBE NEWSWIRE) -- Resolutions of
AB “Linas” Repeated Annual General Meeting of Shareholders dated May 16, 2013: 

1. Attention is paid to the auditor's conclusions confirming AB “Linas”
consolidated and Company's financial reports set of year 2012 and to agree to
Company's consolidated annual report of year 2012. 

2. AB “Linas” consolidated and Company's annual financial reports set is
confirmed and it was agreed to consolidated annual report of year 2012. 

3. AB “Linas” profit (loss) allocation of year 2012 is confirmed:

1) retained profit (losses) of the previous financial year at the end of the
accounting year - 0 Lt (0 EUR); 

2) net profit of the accounting year  2.421.359 Lt (701.274 EUR);

3) profit of the accounting financial year unrecognized in the statement of
comprehensive income - 0 Lt (0 EUR); 

4) transfers from mandatory reserve  0 Lt (0 EUR);

5) transfers from reserve for business projects 0 Lt (0 EUR);

6) transfers from reserve for the support 0 Lt (0 EUR);

7) transfers from profit for dividend paying  0 Lt (0 EUR);

8) shareholders contributions to cover company's looses 0 Lt (0 EUR);

9) allocated profit totally 2.421.359 Lt (701.274 EUR);

10) share of profit set for the mandatory reserve 2.192.812 Lt (635.082 EUR);

11) share of profit set for the reserve for purchase of own shares  0 Lt (0
EUR); 

12) share of profit set to other reserves 0 Lt (0 EUR);

13) share of profit set for dividend paying  0 Lt (0 EUR);

14) share of profit set for annual allowances (bonuses) for the members of the
board, for the employees premiums and other purposes 0 Lt (0 EUR); 

15) retained profit at the end of the financial year transferred to the next
financial year 228.547 Lt (66.192 EUR). 

4. The Company's audit committee members was elected Vilma Polikeviciene and
Svetlana Grekova. 


         AB “Linas” director
         Martynas Jasinskas
         Tel.: +370 45 506103