Linas AB - Notification on material event

Decisions projects of General Meeting of shareholders

Decisions projects suggested by Board of the Company for General Meeting of
shareholders which is held on April 29, 2008: 

1. Report of company's auditor.
Decision: to pay attention on the conclusions of the auditor when confirming AB
“Linas” consolidated and Company's financial accountability of year 2007 and
approving Company's consolidated annual report of year 2007. 

2. Documents confirmation of consolidated and Company's annual financial
accountability and introduction of Company's consolidated annual report. 
Decision: to confirm AB “Linas” consolidated and Company's annual financial
accountability of year 2007 and approve Company's consolidated annual report of
year 2007. 

3. Company's profit distribution of year 2007:
Decision: to confirm distribution of AB “Linas” profit (loss) of year 2007:
1) not distributed profit (loss) of previous financial year at the end of the
reporting financial year is 0 Lt (0 EUR); 
2) net profit (loss) of reporting financial year is 525.742 Lt (152.265 EUR);
3) in the report of profit (loss) not recognized profit (loss) of reporting
financial year -2.800.000 Lt (-810.936 EUR); 
4) transfers from reserves 8.810.757 Lt (2.551.772 EUR);
5) contributions of shareholders to cover company's losses (if shareholders
decided to cover the part or all losses) 0 Lt (0 EUR); 
6) distributed profit (loss) in total 6.536.499 Lt (1.893.101 EUR);
7) part of profit distributed to compulsory reserve 0 Lt (0 EUR);
8) part of profit distributed to reserve for obtaining own shares 0 Lt (0 EUR);
9) part of profit distributed to reserve for support 26.499 Lt (7.675 EUR);
10) part of profit distributed to reserve for the development of business
projects 6.510.000 Lt (1.885.426 EUR); 
11) part of profit distributed for the payment of dividends 0 Lt (0 EUR);
12) part of profit distributed for annual pays (bonuses) for members of Board,
bonuses for employees and other purposes 0 Lt (0 EUR); 
13) not distributed profit (loss) at the end of reporting financial year,
transferred to other financial year 0 Lt (0 EUR). 

4. Election of audit company.
Decision: to elect company UAB “Revizorius” for year 2008-2010.

Lilijana Puriene
AB “Linas” director
+370 45 506157