Panevezio Statybos Trestas AB - Notification on material event

Resolutions Adopted by Extraordinary General Meeting of Shareholders

  Resolutions adopted by the Extraordinary General Meeting of the Shareholders
held on 7 November 2012 are as follows: 

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

1.1.   KPMG Baltics UAB has been selected 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. Dalius Gesevičius, the Managing Director of Panevėžio statybos trestas AB,
has been delegated: 

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 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