Linas AB - Notification on material event

Draft Resolutions of the Repeated Annual General Meeting of Shareholders of AB “Linas”

Panevezys, Lithuania, 2014-04-30 11:49 CEST (GLOBE NEWSWIRE) -- <span
style="font-size:11pt;">Draft Resolutions suggested by the Board of AB “Linas”
for the Repeated Annual General Meeting of Shareholders to be held on 19 May
2014:</span><strong style="font-size: 11pt;"><span style="font-size:11pt;">1. Audit
conclusion regarding the consolidated and Company's Annual Financial
Accountability and Annual Report of year 2013.</span><span style="font-size:11pt;">Project of resolution: to pay attention to the
auditor's conclusions confirming AB “Linas” consolidated and Company's
financial accountability of year 2013 and to agree to the consolidated annual
report of the company of year 2013.</span><strong style="font-size: 11pt;"><span style="font-size:11pt;">2. Confirmation
of consolidated and company's annual financial accountability of year 2013 and
presentation of consolidated annual report.</span><span style="font-size:11pt;">Project of resolution: to confirm AB “Linas”
consolidated and company's annual financial accountability and to agree to
consolidated annual report of year 2013.</span><strong style="font-size: 11pt;"><span style="font-size:11pt;">3. Company's
profit (losses) allocation of year 2013.</span><span style="font-size:11pt;">Project of resolution: to confirm AB “Linas”
profit (losses) allocation:</span><span style="font-size:11pt;">1) retained profit of the previous financial year
at the end of the accounting year - 228.547 Lt (66.192 EUR); </span><span style="font-size:11pt;">2) net losses of the accounting year  2.978.280
Lt (862.570 EUR);</span><span style="font-size:11pt;">3) profit (losses) of the accounting financial
year unrecognized in the statement of comprehensive income - 0 Lt (0
EUR);</span><span style="font-size:11pt;">4) transfers from mandatory reserve  2.403.899 Lt
(696.217 EUR);</span><span style="font-size:11pt;">5) transfers from reserve for business projects 0
Lt (0 EUR);</span><span style="font-size:11pt;">6) transfers from reserve for the support 0 Lt (0
EUR);</span><span style="font-size:11pt;">7) transfers from profit for dividend paying  0
Lt (0 EUR);</span><span style="font-size:11pt;">8) shareholders contributions to cover company's
looses 0 Lt (0 EUR);</span><span style="font-size:11pt;">9) allocated losses totally 345.834 Lt (100.160
EUR);</span><span style="font-size:11pt;">10) share of profit set for the mandatory reserve
0 Lt (0 EUR);</span><span style="font-size:11pt;">11) share of profit set for the reserve for
purchase of own shares  0 Lt (0 EUR);</span><span style="font-size:11pt;">12) share of profit set to other reserves 0 Lt (0
EUR);</span><span style="font-size:11pt;">13) share of profit set for dividend paying  0 Lt
(0 EUR);</span><span style="font-size:11pt;">14) share of profit set for annual allowances
(bonuses) for the members of the board, for the employees premiums and other
purposes 0 Lt (0 EUR);</span><span style="font-size:11pt;">15)</span><span style="font-size:11pt;"> retained
losses at the end of the financial year transferred to the next financial year
345.834 Lt (100.160 EUR).</span><strong style="font-size: 11pt;"><span style="font-size:11pt;">4. Election of
the audit company.</span><span style="font-size:11pt;">Project of decision: to elect audit company UAB
“Primus auditus” to the position of the auditors of AB “Linas” for year
2014-2016.</span>


         AB “Linas” chief accountant
         Daiva Minkevičienė
         Tel.: +370 45 506141

Attachments:

Linas_annual_information_2013.pdf