Panevezio Statybos Trestas AB - Notification on material event

Resolutions Adopted by Extraordinary General Meeting of Shareholders

Resolutions adopted by the Extraordinary General Meeting of the Shareholders
held on 27 November 2013 are as follows: 



1. Selection of an audit company and pricing of audit services.

1.1.KPMG Baltics UAB has been selected as an auditor to carry out the audit of
the financial statements and the annual reports of Panevėžio statybos trestas
AB and the companies of Panevėžio statybos trestas AB Group for the year 2013.
To pay the amount not exceeding 125,000 (one hundred twenty five thousand)
Litas, VAT excluded, for the audit/review of the financial statements and the
annual reports of all companies of Panevėžio statybos trestas AB Group for the
year 2013, except Baltlitstroj OOO located in Kaliningrad Region, Russian
Federation. To pay the amount not exceeding 94,500 (ninety four thousand five
hundred) Litas, VAT excluded, for the audit of the financial statement and the
annual report of Panevėžio statybos trestas AB for the year 2013 including the
review of the financial statements of the following subsidiaries for the
purposes of consolidation: Metalo meistrai UAB, Skydmedis UAB and Alinita UAB. 

1.2.To recommend the Managing Director of Panevėžio statybos trestas AB by
means of participation at the meeting of shareholders of Baltlitstroj OOO
located in Kaliningrad Region, Russian Federation and belonging to Panevėžio
statybos trestas AB Group to ensure selection of Оценка Консультации Аудит OOO
or Aудиторская фирма Балтаудит ЗАО, as its auditor, which would carry out the
audit following the legal acts regulating Russian audit and accounting, and
provide the auditor's opinion to KPMG Baltics UAB on the financial statement
package to be submitted the parent company of the company for the purposes of
consolidation. 

1.3.To provide for the possibility for the General Meeting of Shareholder at
Baltlitstroj OOO located in Kaliningrad Region, Russian Federation, and
belonging to Panevėžio statybos trestas AB Group, at its own discretion to
select audit companies to carry out the audit following the legal acts
regulating Russian audit and accounting, followed by the review/audit of the
financial statements for the purposes of consolidation to be carried out by
KPMG Baltics UAB. In that case the amounts specified in item 1.1. hereinabove
shall be correspondingly changed to 144,000 (one hundred forty four thousand)
Litas, VAT excluded, and 113,500 (one hundred thirteen thousand five hundred)
Litas, VAT excluded. 

1.4.Dalius Gesevičius, the Managing Director of Panevėžio statybos trestas AB,
has been delegated: 

   1.4.1.To sign the contract for audit carrying out with KPMG Baltics UAB upon
a written consent by Artūras Bučas, the Board Member of Panevėžio statybos
trestas AB; 

   1.4.2.To initiate the General Meetings of the Shareholders at the companies
of Panevėžio statybos trestas AB Group and by means of participation at the
meetings thereof to ensure selection of the relevant audit company, and that
these companies and their subsidiary companies follow the procedure defined in
item 1.5. hereinbelow. 

1.5.The contract with KPMG Baltics UAB for the provision of the audit/review
services at the subsidiary companies of Panevėžio statybos trestas AB and the
subsidiary companies of these companies shall be signed by the Directors of the
companies thereof upon a written consent by Artūras Bučas, the Board Member of
Panevėžio statybos trestas AB. The copies of the contracts and audit reports
shall be provided to the parent company within seven days from their signature. 

For more information contact:

Dalius Gesevičius

Managing Director

Panevėžio statybos trestas AB

Phone: (+370 45) 505 503