Panevezio Statybos Trestas AB - Notification on material event

Resolutions Adopted by Extraordinary General Meeting of Shareholders

1. Selection of an audit company 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 Company Group for the year 2011. 

     1.1. KPMG Baltics UAB has been selected as an auditor to carry out the
audit of the financial statements and the annual report of Panevėžio statybos
trestas AB and the companies of Panevėžio statybos trestas AB Company Group for
the year 2011. To pay the amount not exceeding 133,000 Litas, VAT excluded, for
the audit/review of financial statements and the annual reports of all
companies of Panevėžio statybos trestas AB Company Group for the year 2011. To
pay the amount not exceeding 100,000 Litas, VAT excluded, for the audit of the
financial statements and the annual report of Panevėžio statybos trestas AB the
for the year 2011 including the review the financial statements of the
following subsidiaries for the purposes of consolidation: Baltlitstroj OOO,
Skydmedis UAB, Metalo meistrai UAB and Vekada UAB. 

     1.2. Audit companies to carry out the audit at the companies of Panevėžio
statybos trestas AB Company Group located outside the European Union in
accordance with the accounting and following the audit regulations of the
countries thereof shall be selected at the discretion of the General Meetings
of the Shareholders of these companies. The fee for these audit services is not
included in the fee to be paid for the audit of the financial statements and
annual reports of the companies of Panevėžio statybos trestas AB Company Group
defined in item 1.1. hereinabove. 

     1.3. Dalius Gesevičius, the Managing Director of Panevėžio statybos
trestas AB, has been delegated to initiate the general meeting of the
shareholders at the companies of Panevėžio statybos trestas AB Company 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 1.4. hereinbelow. 

     1.4. The contract with KPMG Baltics UAB for the provision of the
audit/review services at Panevėžio statybos trestas, 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 member of the Board 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