Lietuvos Juru Laivininkyste AB - Notification on material event

Calling the Extraordinary General Meeting of Shareholders of AB „Lietuvos juru laivininkyste"

The Extraordinary General Meeting of AB „Lietuvos juru laivininkyste” (company  
code 110865039, registered office at Malunininku str. 3, Lt-92264, Klaipeda),   
will take place on November 26, 2010, at 15.00 in Klaipeda. The meeting will be 
held at „Zemyna“ school assembly hall , Kretingos str. 23, Klaipeda             
.Registration of the participants from 13.00 till 14.30.                        
The  sharesholders meeting has been called on the initiative of  Ministry of    
Transport of the Republic of Lithuania - the manager of controlling block of    
shares and by the resolution of AB „Lietuvos juru laivininkyste“ Board meeting  
held on 2010-10-26, minutes No.9 of the Board meeting.                          
Agenda of the Extraordinary General Meeting of Shareholders:                    

1.Approval the result of tender conducted among auditor companies to prepare AB”
Lietuvos juru laivininkyste” 2010 year audited financial report and to set up   
terms of remuneration for services.                                             
2.Mortagages of company vessels to AB SEB bank to postpone repayment of bank    
loan.                                                                           
3. Appointment of AB” Lietuvos juru laivininkyste” auditor committee.           

The account date of the Extraordinary General Meeting of Shareholders: the 19th 
of November, 2010. Shareholders, that own AB „ Lietuvos juru laivininkyste“     
shares on the end of the working day of 19th of November, 2010, shall have the  
right to participate in convened Extraordinary General Meeting.                 

Shareholders who participate in the Extraordinary General Meeting of            
Shareholders must submit an identity document. Please be informed that each     
shareholder may authorize either a natural or a legal person to participate and 
to vote on the shareholder's behalf at the Extraordinary General Shareholders   
Meeting. The authorized persons must have documents, confirming their personal  
identity and power of attorney, approved in the manner, specified by law. The   
authorized persons at the Extraordinary  General Meeting of Shareholders shall  
have the same rights as represented shareholder. Shareholder's right to attend  
the Extraordinary General Meeting of Shareholders also includes the right to    
ask.                                                                            

Please be informed that the agenda of the Extraordinary General Meeting of      
Shareholders may be supplemented by initiative of shareholders, who own shares  
no less than 1/20 of all votes. Proposals to the agenda of the Extraordinary    
General Meeting of Shareholders may be submitted by e-mail                      
jelena.nikolajenko@ljl.lt or delivered to the Company's registered office at    
Malunininku str. 3, Klaipeda no later than the 12th of  November, 2010. Along   
with a proposal to supplement the agenda of the Extraordinary General Meeting of
Shareholders must be submitted the drafts of proposed decisions or, if the      
decisions shall not be adopted, explanations on each of the proposed issue.     

Please be informed that shareholders, who own shares no less than 1/20 of all   
votes own the right at any time before the Extraordinary General Meeting of     
Shareholders or during the meeting in writing or by e-mail                      
jelena.nikolajenko@ljl.lt propose new draft decisions on the issues already     
included or to be included in the agenda of the Extraordinary General           
Shareholders Meeting. This proposal should be filled in writing and delivered to
the Company by registered mail, or in person address Malunininku str.3,         
Klaipeda. The proposal, submitted during the Extraordinary  General Meeting of  
Shareholders, must be filled in writing and delivered to the secretary of the   
Extraordinary  General Meeting of  Shareholders.                              

Shareholders own the right to ask the questions, concerning the agenda of the   
Extraordinary General Meeting of Shareholders, held on the 26 of  November,     
2010.                                                                      
Questions may be submitted by e-mail  jelena.nikolajenko@ljl.lt  or delivered   
directly to the Company's registered office at Malunininku str. 3, Klaipeda not 
later than 23rd of  November, 2010. Please be informed, that the Company may    
refuse to answer to shareholder's questions if they are concerned to the        
commercial (industrial) secrets or other confidential information, informing the
shareholder on the refusal to provide asked information, except if it is not    
possible to set the shareholder's identity.                                     

Please be informed, that on decisions which are included into the Extraordinary 
General Meeting of Shareholders agenda can be voted in writing by completing the
general voting bulletin. If shareholder requests, the Company shall send the    
general voting bulletin to the requesting shareholder by registered mail or     
shall deliver it in person against signature no later than 10 days prior to the 
Extraordinary General Meeting of Shareholders free of charge. The filled general
voting bulletin must be signed by the shareholder or its authorized             
representative. Document, confirming the right to vote, must be added to the    
general voting bulletin, if authorized person is voting. The duly completed     
general voting bulletin must be delivered to the Company by registered mail     
address Malunininku str. 3, Klaipeda, or in person against signature, no later  
than before the commencement of registration for the Extraordinary General      
Meeting of Shareholders. The Company reserves the right not to include in the   
shareholder vote, if the general voting bulletin does not meet the third and    
fourth parts of the 30 Article of Law on Companies requirements or the general  
voting bulletin is written in a way that it is impossible to establish          
shareholder‘s will on a separate issue.                                         

The shareholders at the Extraordinary General Meeting can't participate and vote
by electronic means.                                                            
Documents, concerning the agenda of the Extraordinary General Meeting of        
Shareholders, the drafts of decisions of each agenda question, documents to be  
submitted to the Extraordinary General Meeting of Shareholders, and other       
information, related to Shareholders rights, shareholders can access in the     
company's office during working hours. More information about the Extraordinary 
General Meeting of Shareholders of  AB „ Lietuvos juru laivininkyste“ (the draft
decisions of the  Extraordinary General Meeting of Shareholders, etc.) also his 
notice, can be found on the web page of the company http://www.ljl.lt/.         



Arvydas  Stropus                                                                
Chief Accauntant                                                                
(370 46) 393126