VST AB - Notification on material event

The decisions adopted in the extraordinary General meeting of the shareholders of VST, AB on July 8, 2008

The extraordinary General shareholders meeting of VST, AB held on July 8, 2008,
adopted the following decisions: 

1. The item of the agenda “Recall of the Board”:
1.1. To recall the Board of VST, AB that authority terminates as of the start
of the new members of the Board activity. 

2. The item of the agenda “Election of the Board”:
2.1. To elect the persons listed below to the company's Board: 
1.	Aidas Ignatavičius;
2.	Rytis Borkys;
3.	Gytis Kundrotas;
4.	Lina Minderinė.
2.2. To settle that the new members of the Board start their activity from the
day as the new wording of the Bylaws of VST, AB are registered in the Register
of Legal Entities. 

3. The item of the agenda “Approval of the new wording of the Bylaws of the
Company”: 
3.1. To approve the new wording of the Bylaws of VST, AB;
3.2. To authorize Aidas Ignatavičius, Chief Executive Officer of VST, AB, to
sign the new wording of the Articles of the Association of the company; 
3.3. To delegate Aidas Ignatavičius, Chief Executive Officer of VST AB, or
another authorized persons to register the new wording of the Articles of
Association of the company and to perfom other necessary actions abiding by the
procedure set forth by the Law. 

4. The item of the agenda “Approval of the conditions of the contract with the
Board members and the appointment of the person authorized to sign contracts
with the Board members”: 
4.1. To assign the conditions of the contracts with the Board members and the
chairman of the Board; 
4.2. To appointment Mr. Rymantas Juozaitis as the authorized person of the name
of company to sign contracts with the Board members and the chairman of the
Board. 


Aidas Ignatavičius 
Chief Executive Officer 
Person for contacts: 
Rasa Kruopaitė-Lalienė
Manager Marketing and Public Relations, tel. (8~5) 2781231