Stumbras AB - Notification on material event

Annual report, audited financial statements and draft resolutions of the ordinary General Meeting of Shareholders to be held on 23 04 2010

Draft resolutions, prepared by Company's Management Board, to be passed under
the agenda of the ordinary General Shareholder Meeting of AB Stumbras, convened
on the 23rd of April 2010. 

1. On the Company's Annual Performance Report 2009.

Draft resolution: Annual Performance Report 2009 and annex thereto “On the
Compliance with the Corporate Governance Code for the Companies Listed on
Vilnius Stock Exchange” was debriefed. 

2. Approval of Annual Financial Statements.

Draft resolution: approve the Company's Annual Financial Statements 2009 and
the Auditor's Conclusion on the Financial Statements. 

3. Profit (Loss) Allocation.

Draft resolution: approve the Company's Profit (Loss) Allocation of the year
2009: 
1) Retained earnings (loss) of the previous financial year at the end of the
financial year - LTL 4.427.942,45 (EUR 1.282.420,78); 
2) Net profit (loss) of the reporting year - LTL 23.165.849,08 (EUR
6.709.293,64); 
3) Unrecognized profit (loss) in the profit (loss) account for the reporting
year - none; 
4) Transfers from reserves - none;
5) Shareholder contributions to cover losses (in case if shareholders have
decided to cover all of any part of losses) - none; 
6) Distributable profit (loss) - LTL  27.593.791,53 (EUR 7.991.714,42);
7) Share of profit allocated to the legal reserve - none;
8) Share of profit allocated to the reserve for acquisition of own shares -
none; 
9) Share of profit allocated to other reserves - none;
10) Share of profit allocated to pay out dividends - LTL 20.000.000,00 (EUR
5.792.400,37) or LTL 0,5 (EUR 0,14) per one ordinary share with par value of
LTL 1.00; 
11) Share of profit allocated to annual fees (bonuses) payable to members of
the board of directors and members of the supervisory council, employee bonuses
and other purposes - none; 
12) Retained earnings (loss) at the end of the reporting financial year that is
forwarded to the following financial year - LTL 7.593.791,53 (EUR
2.199.314,05). 

4. On appointment of an audit company and terms of remuneration for audit
services. 

Draft resolution: appoint the audit company UAB PricewaterhouseCoopers to carry
out audit of the Company's Financial Statements of the year 2010. Set the
amount of the fee payable for audit services - LTL 72.000 (VAT excluded)
Authorise the Company's Director General to sign an agreement with UAB
PricewaterhouseCoopers. 

5. On approval of the Regulations of the Audit Committee of the Company.

Draft resolution: Approve the Regulations of the Audit Committee of the Company.

6. On amendment of the Company's Articles of Association.

Draft resolution: Approve the new wording of the Company's Articles of
Association. Authorise the Company's Director General Mr. Česlovas Matulevičius
to sign the new wording of the Company's Articles of Association and carry out
any and all actions related to registration of the new wording of the Company's
Articles of Association with the right to re-authorise another person to carry
out the aforementioned actions. 

Enclosed: 
- Company's annual report, annual financial statements of the year 2009 and the
Auditor's conclusion on the financial statements; 
- confirmation of persons responsible for the financial statements;
- regulations of the Audit Committee;
- draft of Articles of Association.

Dalius Balceris
Member of the Supervisory Board
+ 370 5 2786 065

Attachments:

articles_en.pdf

2009_report_en.pdf

2009_confirmation_en.pdf

audit committee_en.pdf