Linas AB - Notification on material event

Draft Resolutions of the Annual General Meeting of Shareholders

Draft Resolutions suggested by the Board of Linas, AB of the Annual General
Meeting of Shareholders to be held on 28 April 2009: 

1. Audit conclusion regarding the consolidated and Company's Annual Financial
Accountability and Annual Report. 
Project of resolution: to pay attention to the auditor's conclusions confirming
AB “Linas” consolidated and Company's financial accountability of year 2008 and
to agree to the consolidated annual report of the company of year 2008. 

2. Confirmation of consolidated and company's annual financial accountability
of year 2008 and presentation of consolidated annual report. 
Project of resolution: to confirm Linas, AB consolidated and company's annual
financial accountability and to agree to consolidated annual report of year
2008. 
3. Company's profit (loss) allocation of year 2008. 
Project of resolution: to confirm AB “Linas” profit (loss) allocation:
1) retained profit (loss) of the previous financial year at the end of the
accounting year 0 Lt (0 EUR); 
2)  net losses of the accounting year  15 706 565 Lt (4 548 936 EUR);
3)  profit (loss) of the accounting financial year unrecognized in the
statement of profit  - 0 Lt ( 0 EUR); 
4) transfers from statutory reserve  2 403 898 Lt (696 217 EUR);
5) transfers from reserve for business projects 6 510 000 Lt (1 885 426 EUR);
6) transfers from reserve for the support 26 499 Lt (7 675 EUR);
7) transfers from profit for dividend paying 11 391 Lt (3 299 EUR);
8) shareholders contributions to cover company's looses 0 Lt (0 EUR);
9) allocated losses totally 6 754 777 Lt (1 956 319 EUR);
10) share of profit allowed to the statutory reserve 0 Lt (0 EUR);
11) share of profit allowed to the reserve for purchase of own shares  0 Lt (0
EUR); 
12) share of profit allowed to support other reserves 0 Lt (0 EUR);
13) share of profit allowed for dividend paying  0 Lt (0 EUR);
14) share of profit allowed for annual allowances (bonuses) for the members of
the board, to employees premium and other purposes 0 Lt (0 EUR); 
15) retained losses at the end of the financial year transferred to the next
financial year 6 754 777 Lt (1 956 319 EUR). 

4. Confirmation of company's statute of new edition and authorization.
Project of resolution: to confirm statute of new edition and to authorize
company director Martynas Jasinskas to sign them. 

5. Cancellation of company's members of Board.
Project of resolution: to cancel Ramunas Lenciauskas and Vaidas Zarnauskas from
the company's members of Board. 

6. Election of company's members of Board.
Project of resolution: to suggest to elect to the Board of the company
Virginija Jukoniene, Lilijana Puriene, Ramunas Lenciauskas and Martynas
Jasinskas. 

7. Confirmation of activity regulations of audit committee.
Project of resolution: to confirm activity regulations of audit committee.

8. Election of the members of audit committee.
Project of decision: to suggest to elect the members of committee Vilma
Polikeviciene and Eugidijus Mordas. 


Linas AB director
Martynas Jasinskas
Tel.: +370 45 506103

Attachments:

linas_2008_fa_mp_aap_en_2.pdf

linas_2008_fa_mp_aap_en_1.pdf