Panevezio Statybos Trestas AB - Notification on material event

Convening of the Annual General Meeting of the Shareholders

On the initiative of the Board of Panevėžio statybos trestas AB and following
the resolution, the Annual General Meeting of the Shareholders of Panevėžio
statybos trestas AB (address of registered office P. Puzino Str. 1, Panevėžys,
company code 147732969) is convened on 30 April 2014. 

The place of the meeting - the meeting room of Panevėžio statybos trestas AB at
P. Puzino Str. 1, Panevėžys. 

The beginning of the meeting - 10:00 (registration shall start at 9:30).

The accounting  day of the General Meeting of the Shareholders shall be 23
April 2014 (only the persons who at the end of the record day of the General
Meeting of the Shareholders shall be on the shareholder list of the company or
the persons who are a proxy for them or the persons with whom an agreement on
the transfer of voting rights is concluded, have the right to participate and
vote at the General Meeting of the Shareholders). 

 The record day of the rights shall be 15 May 2014 (the shareholders shall use
their property rights resulting from the resolutions adopted at the general
meeting of the shareholders in proportion to the number of shares hold at the
end of the record day of the rights). 

 Proposed agenda:

  1. Audit conclusions regarding the financial statement and annual report of
     the company for the year 2013.
  2. The Annual Report of the company for the year 2013.
  3. Approval of a set of financial statements of the company for the year 2032.
  4. Appropriation of profit (loss) of the company for the year 2013.
  5. Election of members for the audit committee.

The company shall not provide possibilities to participate and vote at the
meeting using any means of electronic communications. 

Draft resolutions on the items of the agenda, any documents to be presented to
the General Meeting of Shareholders and any information related to realisation
of the shareholders' rights shall be published on the website of the company at
www.pst.lt under the menu item Investor Relations not later than 21 days before
the meeting date. The shareholders shall also be granted access to the
information thereof at the secretary's office at the headquarters of the
company (P. Puzino Str. 1, Panevėžys) from 7:30 till 16:30. Telephone number
for inquiries: (+370 45) 505 508. 

The shareholders who hold shares carrying at least 1/20 of all votes may
propose additional items to be included in the agenda and present a draft
resolution of the General Meeting of the Shareholders for each proposed
additional agenda item or, in case no resolution has to be adopted, give an
explanation. 

Any proposals for additional items of the agenda shall be submitted in writing
or by e-mail. 

The proposals in writing are to be delivered to the secretary's office or sent
by registered mail at the following address: Panevėžio statybos trestas AB, P.
Puzino Str. 1, LT- 35173, Panevėžys. 

The proposals by e-mail are to be sent to the following e-mail address
pst@pst.lt . 

Any proposals for additional items of the agenda are to be presented by 16:00
on 16 April 2014. In the event new items are added to the meeting agenda, not
later than 10 days before the meeting date the company shall inform about the
additions thereof using the same means as were used for convening the meeting. 

The shareholders who hold shares carrying at least 1/20 of all votes may
propose new draft resolutions on the items that are or to be included in the
agenda, additional candidates for the members of the company bodies and the
audit company. The proposals thereof may be presented in writing or by e-mail. 

The proposals in writing by 8:00 on 30 April 2014 may be delivered (on work
days) to secretary's office in the company or sent by registered mail at
Panevėžio statybos trestas AB, P. Puzino Str. 1, LT- 35173, Panevėžys. The
proposals presented in writing shall be discussed during the meeting provided
they have been received at the company before 8:00 on the meeting day (30 April
2014). Any proposals in writing may be presented during the meeting after the
chairman of the meeting reads the agenda out but not later that the meeting
starts working on the agenda items. 

Any proposals to be delivered by e-mail are to be sent to pst@pst.lt . The
proposals received at the e-mail address thereof by 8:00 on 30 April 2014 shall
be discussed during the meeting. 

The shareholders are entitled to present their questions related to the agenda
items to the company in advance. The questions may be sent by the shareholders
by e-mail to pst@pst.lt not later than 3 work days before the meeting date. The
company shall answer the questions thereof by e-mail before the meeting. The
company shall not deliver the answer to any question of the shareholders in
person provided the relevant information is published on the website of the
company at http://www.pst.lt. 

 When registering to participate at the meeting, the shareholders or their
proxies shall present a document which is a proof of his personal identity. The
proxies to the shareholders are to present their proxies certified following a
prescribed procedure.  The proxy issued by a legal person has to be certified
by a Notary Public. The proxy issued in a foreign country has to be translated
into Lithuanian and legalised following the procedure prescribed by law. The
proxy may be given the authority by more than one shareholder and vote in a
different manner based on the instructions given by each shareholder. The
company has no special form for the proxy. 

 The shareholder may using the means of electronic communications authorize
some other natural or legal person to participate and vote at the meeting on
behalf of the shareholder. Such proxy requires no certification by a Notary
Public. The proxy issued by the means of electronic communications is to be
certified by the electronic signature of the shareholder created using any safe
electronic signature software and attested by the qualified certificate valid
in the Republic of Lithuania. Both the proxy and the notification are to be in
writing. The shareholder shall notify the company about the proxy issued by the
means of electronic communications by e-mail to pst@pst.lt not later than 16:00
on the last work day before the meeting date. The electronic signature shall be
affixed on the proxy and the notification but not on the letter sent by e-mail.
 When sending the notification to the company, the shareholder shall refer to
the internet address to be used for the purpose of free downloading of
electronic signature verification software. In case the shares hold by the
shareholder are kept on a few securities accounts, the shareholder may
authorise a separate proxy to participate and vote at the General Meeting of
the Shareholders in accordance with the rights carried by the shares kept in
each securities account. In that case any instructions given by the shareholder
shall be valid only for one General Meeting of the Shareholders. 

The shareholder who holds the shares of the company acquired in his name,
however for the interests of other persons, before voting at the General
Meeting of the Shareholders shall disclose to the company the identity of the
end client, the number of voting shares and the content of given voting
instructions or any other explanation related to the participation and voting
at the general meeting of the shareholders agreed with the client. The
shareholder may vote in a different manner using the one part of his shares
carrying votes and the other part of shares carrying votes. 

A shareholder or his proxy may vote in advance in writing by filling in the
general ballot paper. Not later than 21 days before the meeting date the form
of the general ballot paper shall be published on the website of the company at
http://www.pst.lt under the menu item Investors Relations. In case a
shareholder submits a written request, not later than  10 days before the
meeting date the company shall send a general ballot paper by registered mail
or deliver it in person against signature. The filled in general ballot paper
is to be signed by the shareholder or his proxy. In case the general ballot
paper is signed by the proxy, the document validating the voting right shall be
attached to it. The filled in general ballot paper with the attached documents
(if required) shall be delivered to the company by registered mail at Panevėžio
statybos trestas AB, P. Puzino Str. 1, LT- 35173, Panevėžys, to the secretary's
office not later than the last work day before the meeting date. 

The following information and documents shall be published on the website of
the company at http://www.pst.lt under the menu item Investors Relations
throughout the entire period starting not later than 21 days before the meeting
date: 

  -- notice of convening the meeting;                                          
  -- total number of company shares and the number of voting shares on the date
     of convening the meeting;
  -- draft resolutions on the items of the agenda and other documents to be
     presented to the meeting;
  -- the form of general ballot paper.                                          



Dalius Gesevičius

Managing Director

Phone: (+370 45) 505 503