Kauno Tiekimas AB - Notification on material event

Resolutions of the General Meeting

RESOLUTIONS of AB Kauno Tiekimas General Meeting  held on 28-04-2009      

Item One                                                                        
1. CONSIDERED. Annual report to the shareholders.                               
The speaker, General Director of the company Irena Keblerienė, read the annual  
report for 2008 to the shareholders.                                            
RESOLVED:                                                                       
To approve of the annual report 2008.                                           

Item Two                                                                        
2. CONSIDERED. Company auditor's opinion.                                       
The speaker, General Director of the company Irena Keblerienė, read out the     
independent auditor's opinion for AB Kauno Tiekimas shareholders.               
RESOLVED:                                                                       
The speaker, General Director of the company Irena Keblerienė, read out the     
independent auditor's opinion on the audit of the financial accounting of the   
company for 2008 and the annual report.                                         

Item Three                                                                      
3. CONSIDERED. Approval of the financial statements of the company for 2008.    
The speaker, the Chief Accountant Danutė Skučienė, provided and read the        
financial accounting documents for 2008.                                        
RESOLVED:                                                                       
To approve the financial statements of the company for 2008.                    

Item Four                                                                       
4. CONSIDERED. Distribution of profit (loss).                                   
The speaker, General Director of the Company Irena Keblerienė proposed to the   
shareholders to approve the draft distribution of the profit (loss) provided by 
the Board and to approve of the Board proposal to pay the shareholders no       
dividends for 2008:                                                             
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| 4.1. | Undistributed  profit (loss) of the previous         |      5 336 096 |
|      | financial year at the end of the reporting financial |                |
|      | year                                                 |                |
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| 4.2. | Net profit (loss) of the reporting financial year    |    - 5 472 646 |
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| 4.3. | The profit (loss) of the reporting financial year    |            N/A |
|      | nonrecognised in the         Income Statement        |                |
|      | (loss)	                                              |                |
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| 4.4. | Transfers from other reserves to cover losses        |        136 550 |
--------------------------------------------------------------------------------
| 4.5. | Transfers from reserves                              |        525 200 |
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|      | Including warehouse renovation                       |        500 000 |
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|      |  bonuses, benefits                                   |         25 200 |
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| 4.6. | Shareholder contributions to covering  losses        |            N/A |
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| 4.7. | Total distributable profit (loss):                   |        525 200 |
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| 4.8. | Profit share distributed to statutory reserves       |            N/A |
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| 4.9. | Profit share distributed to reserve for the          |            N/A |
|      | acquisition of owns shares                           |                |
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| 4.10 | Profit share distributed to other reserves           |            N/A |
| .    |                                                      |                |
--------------------------------------------------------------------------------
|      | Including: warehouse renovation                      |            N/A |
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| 4.11 | Profit share for paying out dividends                |            N/A |
| .    |                                                      |                |
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| 4.12 | Profit share for annual bonuses for the board        |            N/A |
| .    | members, employee bonuses  and other purposes        |                |
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| 4.13 | Undistributed profit (loss) at the end of the        |        525 200 |
| .    | reporting financial year          brought forward to |                |
|      | the following financial year                         |                |
--------------------------------------------------------------------------------
RESOLVED:                                                                       
To approve the profit (loss) distribution proposed by the Board. To pay no      
dividends to the shareholders for 2008.                                         

Item Five                                                                       
5. CONSIDERED. On the approval of pledge of non-current tangible assets.        
The speaker: Igor Gončaruk, Board Chairman. In pursuance of Par 6.3 of Principle
VI of the Corporate Governance Code of Listed Companies "The equitable treatment
of shareholders and shareholder rights", which says that transactions that are  
important to the company and its shareholders, such as transfer, investment, and
pledge of the company's assets or any other type of encumbrance should be       
subject to approval of the general shareholders' meeting it is suggested to     
approve of the Board decisions on pledge of non-current tangible assets. The    
list of the pledged assets has been handed in to each shareholder attending the 
meeting against the shareholder's signature.                                    
RESOLVED:                                                                       
To approve of the Board decisions on pledge of non-current tangible assets.     

Item Six                                                                        
6. CONSIDERED. Elections of the audit firm and establishment of payment terms   
for the auditing services.                                                      
The speaker, General Director of the company Irena Keblerienė, informed the     
shareholders that the company has received a letter of reference issued by the  
Audit Committee of the Company, which suggests that the General Meeting should  
be proposed to elect audit firm UAB Auditorių Biuras for a period of one year to
audit financial accounting for 2009.                                            
RESOLVED:                                                                       
To elect audit firm UAB Auditorių Biuras the auditor of the company for a period
of  one year to audit AB Kauno Tiekimas financial accounting  and to pay LTL    
30,000 (thirty thousand) plus VAT for the auditing services.                    

Item Seven                                                                      
7. CONSIDERED. On the election of Company Audit Committee members, approval of  
Audit Committee regulations, and remuneration to the independent Audit Committee
member.                                                                         
Speaker: Irena Keblerienė, General Director of the Company. Under resolution No 
1K-18, 21-08-2008, of the Securities Commission of the Republic of Lithuania    
companies are obliged to form Audit Committees. Under the resolution of the     
Company Board passed on 23-09-2008 an Audit Committee  consisting of two members
including one independent member was formed. In pursuance of the Guidelines No  
13-K-12, 28-11-2008, for applying the Requirements of the Securities Commission 
for Audit Committees, the work related issues and the procedure of remunerating 
the independant member of the audit committee is approved by the general meeting
of shareholders.                                                                
RESOLVED:                                                                       
1. For a period of one year, to elect Valentina Nosačiova and Galina Mirončik   
members of the Company Audit Committee.                                         
2. To approve the Company Audit Committee regulations ratified under Minutes No 
13 of the Board Meeting held on 23-09-2008.                                     
3. In pursuance of Par 11 Part 2 Article 59 of the Law on Companies, to allow   
LTL1,000.00 (one thousand) for the independent Audit Committee member           
reimbursement for the member's work at the Audit Committee in 2009.             


Irena Kebleriene
General Director
8 37 473744
www.kaunotiekimas.lt