VST AB - Notification on material event

The draft resolution of the general meeting of the shareholders of VST, AB

According to the decision of the Board of VST, AB a General meeting of the
shareholders of VST, AB is called on November 21, 2008 and shall take place at
the office of the company J. Jasinskio 16C, Vilnius, 5th floor, at 1.00 PM. 
The shareholders will be asked to approve the following proposal:

1.The item of agenda: “The Elections of the audit company for auditing
company's financial statements for 2008 and setting the conditions of the
payment for the audit services”: 
1.1. To elect audit company „Ernst & Young Baltic“, UAB for the audit of
financial statements for 2008 of VST, AB and to pay for audit services a
compensation not exceeding LTL 115,000 (excluding VAT). 

Gytis Kundrotas
Director Legal and Administration Division 		
Chief Executive Officer at interim