Panevezio Statybos Trestas AB - Notification on material event

Draft Resolutions of Extraordinary General Meeting of Shareholders

Draft Resolutions of the Extraordinary General Meeting of the Shareholders to
be held on 7 November 2012 are as follows: 

1. Selection of an audit company and pricing of audit services.

1.1. To select KPMG Baltics UAB as an auditor 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 Group for the year 2012. To
pay the amount not exceeding 124,000 (one hundred twenty four thousand) Litas,
VAT excluded, for the audit/review of the financial statements and the annual
reports of all companies of Panevėžio statybos trestas AB Group for the year
2012, except Baltlitstroj OOO located in Kaliningrad Region, Russian
Federation. To pay the amount not exceeding 85,000 (eighty five thousand)
Litas, VAT excluded, for the audit of the financial statement and the annual
report of Panevėžio statybos trestas AB for the year 2012 including the review
of the financial statements of the following subsidiaries for the purposes of
consolidation: Metalo meistrai UAB, Skydmedis UAB and Alinita UAB. 

1.2. To recommend the Managing Director of Panevėžio statybos trestas AB by
means of participation at the meeting of shareholders of Baltlitstroj OOO
located in Kaliningrad Region, Russian Federation and belonging to Panevėžio
statybos trestas AB Group to ensure selection of Оценка Консультации Аудит OOO
as its auditor, which would carry out the audit following the legal acts
regulating Russian audit and accounting, and provide the auditor's opinion to
KPMG Baltics UAB for the financial statement package to be submitted the parent
company of the company for the purposes of consolidation. 

1.3. To delegate Dalius Gesevičius, the Managing Director of Panevėžio statybos
trestas AB: 

   1.3.1. to sign the contract for audit carrying out with KPMG Baltics UAB
UPON A written consent by Artūras Bučas, the Board Member of Panevėžio statybos
trestas AB; 

   1.3.2. 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 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 Board Member 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