Panevezio Statybos Trestas AB - Notification on material event

Draft resolution of the annual general meeting of the shareholders

The Board of Panevėžio statybos trestas, AB proposes the following draft
resolution of the annual general meeting of the shareholders to be convened on
25 April 2008: 

1. The conclusions of the audit regarding the financial statement and annual
report of the Company for the year 2007. 
Decision: To consider the opinion provided to the shareholders of Panevėžio
statybos trestas, AB and included in the conclusion of the independent auditor
when approving the consolidated and financial statement of the Company for the
year 2007, and assenting to the consolidated annual report of  Panevėžio
statybos trestas, AB for the year 2007. 
2. The annual report of the Company for the year 2007.
Decision: To assent to the consolidated annual report of Panevėžio statybos
trestas, AB for the year 2007. 
3. The approval of the financial statement of the Company for the year 2007.
Decision: To approve the consolidated and financial statement of the Panevėžio
statybos trestas, AB for the year 2007.. 
4. The distribution of profit (loss) of the Company for the year 2007.
Decision: To approve the following distribution of profit (loss) of Panevėžio
statybos trestas, AB for the year 2007: 
1. Undistributed profit (loss) of the previous financial year at the end of the
accounting financial year 23250411 Lt (6733785 EUR); 
2. Net profit (loss) of the accounting financial year 24845318 Lt (7195701 EUR);
3. Profit (loss) of the accounting financial year unrecognized in the statement
of income 100207 Lt (29022 EUR); 
4. Transfers from reserves - 0 Lt (0 EUR);
5. Contributions of shareholders to cover the loss of the Company (in case of
the shareholder decision to cover all or a part of loss) - 0  Lt (0 EUR); 
6. Profit (loss) available for distribution totalling 48195936 Lt (13958508
EUR); 
6.1. a part of profit to the required reserve 0 Lt ( 0 EUR);
6.2. a part of profit to the reserve for the acquisition of own shares - 0 Lt
(0 EUR); 
6.3. a part of profit to other reserves - 0 Lt (0 EUR);
6.4. a part of profit for dividend paying  3760500 Lt (1089116 EUR);
6.5. a part of profit for annuity (bonuses for the members of the Board and
Supervisory Board, premium pays for employees and other purposes 326000 Lt
(94416 EUR); 
7. The undistributed profit (loss) at the end of the accounting financial year
transferred to the next financial year 44109436 Lt (12774976 EUR). 
4. Elections of a member of the Board.
Decision: A new member of the Board shall be proposed and elected at the
meeting of the shareholders. 

As for dividends it shall be distributed LTL 0.23 (0.067 EUR) per ordinary
registered share LTL 1 per value of JSC Panevezio statybos trestas. In total it
shall be allocated LTL 3760500 (1089116 EUR) to dividend payment. 


For more information contact:
Dalė Bernotaitienė
Finance Director at PST AB
Phone: 8 45 505 507