Panevezio Statybos Trestas AB - Notification on material event

Draft Resolutions of Extraordinary General Meeting of Shareholders

Draft Resolutions of the Extraordinary General Meeting of the Shareholders to
be held on 5 November 2010 are as follows: 
1.	Selection of an audit company and establishment of the price for audit
services. 
1.1.	To select KPMG Baltics UAB as an auditor to carry out the audit of the
financial statements and the annual report of Panevėžio statybos trestas AB and
the companies of Panevėžio statybos trestas AB Company Group for the year of
2010. To pay the amount not exceeding 140,000 (one hundred forty thousand)
Litas, VAT excluded, for the audit/review of financial statements and the
annual reports of all companies of Panevėžio statybos trestas AB Company Group
for the year 2010. To pay the amount not exceeding 90,000 (ninety thousand)
Litas, VAT excluded, for the audit of the financial statements and the annual
report of Panevėžio statybos trestas AB. 
1.2.	For the companies where audit reviews are carried out, no written opinion
of the audit review is required. 
1.3.	Audit companies to carry out the audit at the companies of Panevėžio
statybos trestas AB Company Group located in Russia in accordance with the
accounting and following the audit regulations of that country shall be
selected at the discretion of the General Meetings of the Shareholders of the
companies located in Russia. The fee of these audit services is not included in
the fee to be paid for the audit of the financial statements and annual reports
of the companies of Panevėžio statybos trestas AB Company Group defined in item
1.1. hereinabove. 
1.4.	To delegate Dalius Gesevičius, the Managing Director of Panevėžio statybos
trestas AB to initiate the general meeting of the shareholders at the companies
of Panevėžio statybos trestas AB Company Group for the purposes of selection of
an audit company and by means of participation at the meetings thereof to
ensure selection of the relevant audit company, and that these companies and
their daughter companies follow the procedure defined in item 1.5. hereinbelow: 
1.5.	The contract with KPMG Baltics UAB for the provision of the audit/review
services at Panevėžio statybos trestas and the companies of Panevėžio statybos
trestas AB Company Group shall be signed by the Managing Directors/Directors of
the companies thereof upon a written consent by Artūras Bučas. 
2.	Elections of the new Board.
2.1.	To elect the following candidates into the new Board of Panevėžio statybos
trestas AB: 
2.1.1.	Remigijus Juodviršis;
2.1.2.	Gvidas Drobužas;
2.1.3.	Vilius Gražys;
2.1.4.	Artūras Bučas;
2.1.5.	Irma Abramavičienė. 


For more information contact:
Dalius Gesevičius
Managing Director
Panevėžio statybos trestas AB
Phone: (+370 45) 505 503