Lifosa AB - Notification on material event

Notice to convene annual general meeting

Public Limited Liability Company Lifosa, Company's code 161110455, registered
office at Juodkiškio Street 50, LT-57502 Kedainiai. 

This report is submitted to the Lithuanian Securities Commission, Stock
Exchange company AB NASDAQ OMX Vilnius, BNS news agency, newspaper "Lietuvos
rytas" and published in the company's website www.lifosa.com. 

Under initiative and the resolution of the Company's Board, dtd. April 6, 2011,
Annual General Meeting of Shareholders is convened at Juodkiškio g. 50,
Kėdainiai, in the Meeting Room of Company's administrative building (1st floor)
on April 28, 2011 at 9:00 a.m. 

Agenda of the Meeting:

1. Company's Auditor's report.

2. Company's Annual Report for the year 2010.

3. The approval of Annual Financial Statements of the Company for the year 2010.

4. Company's profit appropriation for the year 2010.

5. Selection of the Audit firm and establishement of the terms of remuneration
for the audit services. 

The accounting date of the Meeting - April 20, 2011. Only persons who are the
shareholders at the end of the accounting date of the General Meeting, shall be
entitled to attend and vote at the meeting. 

The shareholders are registered from 8:25 a.m. till 8:50 a.m. They must present
a valid identification document and the shareholders' authorized persons - the
power of attorney issued and approved in compliance with the existing Laws.
Authorized person shall have the same rights at the General Meeting of
shareholders as would have its represented shareholder. 

Shareholders who are entitled to attend the Annual General Meeting of
shareholders shall have the right to authorize natural or legal person by
electronic means of communication to attend and vote at the General Meeting on
their behalf. This power of attorney shall not be certified by a notary. The
power of attorney must include the identification data of both - the authorized
person and of the constituent: an individual's name, surname and personal code;
code and name of the legal entity. 

Power of attorney issued by the means of electronic communications must be
signed by the shareholder by electronic signature, developed by a secure
signature-creation software the validity of which is approved by a qualified
certificate valid in the Republic of Lithuania. The shareholder must notify in
writing on the power of attorney given by sending it by an e-mail at
info@lifosa.com no later than till April 22, 2011 by the end of a working day
(14 hr. 30 min. p.m.). By submitting the notification to the company, the
shareholder must specify the Internet address from which the electronic
signature verification software of the shareholder can be downloaded free of
charge. 

Please be advised that it is possible to vote on in writing on the issues of
the General Meeting agenda by completing a general ballot paper. When completed
general ballot paper is signed by a person who is not a shareholder, the
completed general ballot paper must be accompanied by a document confirming the
right to vote. Please send the duly completed general ballot papers by an
e-mail at info@lifosa.com, by mail or deliver to the Company at Juodkiškio
Street 50, Kedainiai no later than till April 22, 2011 by the end of a working
day (14 hr. 30 min. p.m.). The Company reserves the right not to include the
interim shareholder's vote, if the general ballot paper is not in compliance
with the requirements of the Law on Companies of RL specified in Article 30,
items 3 and 4, if it is received too late, or filled in so that it is
impossible to determine the true will of the shareholder. 

The Agenda of the Annual General Meeting of shareholders may be supplemented by
the shareholders on their initiative, who own shares carrying no less than 1/20
of total votes. Proposals to supplement the Agenda of the General Meeting of
the shareholders may be submitted by e-mail at info@lifosa.com, by mail or
delivered to the Company at Juodkiškio Street 50, Kedainiai no later than April
13, 2011. The draft resolutions on proposed solutions have to be submitted
together with a proposal to supplement the regular agenda of the meeting, or,
when the resolutions are not required, - the explanations on each of the
proposed meeting issue. 

Shareholders who own shares carrying no less than 1/20 of total votes, have the
right at any time before the General Meeting of Shareholders or at the Meeting
to propose new draft resolutions on the issues of the Meeting Agenda, as well
as to offer candidates to Board members and Audit firm in writing or by e-mail
at info@lifosa.com. 

Shareholders have the right to submit questions to the Company associated with
the Agenda of the Annual General Meeting of Shareholders to be held on April
28, 2011. Questions may be submitted by e-mail at info@lifosa.com, by mail or
delivered to the Company at Juodkiškio Street 50, Kedainiai no later than on
April 22, 2011. 

The Company may refuse to answer shareholder questions, if they are linked to
the commercial (industrial) secret or confidential information. Whenever
possible to determine the identity of the shareholder who raised the question,
the company shall inform the shareholder regarding the refusal to provide
information. 

Since April 7, 2011 the shareholders are welcome at the company's headquarters
Juodkiškio Street 50, Kėdainiai, or may visit the company's web site
(www.lifosa.com) and may have access to the Company's documents and other
information relating to the Meeting Agenda accordingly: on workdays from 8.00
a.m. till 14.15 p.m. 

Mrs. Regvita Ivanovienė, tel. (+370-347) 66331 is empowered to provide with the
additional information about the material event. 

 Rimantas Proscevičius

Technical Director

Acting as General Director