Lifosa AB - Notification on material event

Draft resolutions for the Extraordinary General Meeting

The draft resolutions proposed by the Management Board 
to the Extraordinary General Meeting of AB “Lifosa” to be held on August 12,
2008: 

I. Re: Approval the new wording of the Company's  Articles of Association. 
1. To approve the new wording of the Company's  Articles of Association. 
2. To authorise and charge Jonas Dastikas the General Director of the Company
and/or other authorised  person by him to sign the approved wording of the
Articles of Association, also to sign and submit all the rest relevant
documents, as well as exercise all the necessary actions related with the
entering the Company's Articles of Association into the Register for the Legal
Entities of the Republic of Lithuania. 

II. Re: Approval of the Loan Agreement 
1. Approve the entering into the Loan Agreement regarding granting AB
„Lifosa's“ loan of 140 m USD to JSC MCC „EuroChem“ (Loan Receiver) for the
period of one  (1) year with  5%  annual interest rate exercising the right to
reimburse the loan before the expiry term. 

Regvita Ivanovienė
Financial director
+370-347-66331

Attachments:

articles_draft.pdf