2012-04-17 15:17:02 CEST

2012-04-17 15:18:14 CEST


REGULATED INFORMATION

Lithuanian English
Vilkyskiu Pienine AB - Notification on material event

Regarding supplement of agenda of the Ordinary General Meeting of Vilkyskiu pienine AB Shareholders 


By the decision of the Board of Vilkyskiu pienine AB, company code 277160980,
address Vilkyškiai, LT-99254 Pagėgių sav., the Agenda of Ordinary General
Meeting of Vilkyskiu pienine AB Shareholders is supplemented by item 7 -
“Approval of dividend policy” 

The Date of the Meeting - the 27th of April 2012. Time - 2 p.m. Shareholders'
registration starts from 1 p.m. until 1.50 p.m. 

The Board confirmed Agenda for the Ordinary General Meeting of Shareholders:

1) Company's annual report 2011.

2) Company's auditor's report of 2011 (financial accountability).

3) Approval of the financial statements of the year 2011.

4) Net Profit appropriation of the year 2011.

5) Election of the Audit Committee members.

6) A decision on the purchase of own shares.

7) Approval of dividend policy

The Board of the Company propose to approve the supplemented meeting agenda
item on dividend policy because the approved dividend policy would allow the
Company to use unallocated capital more efficiently and create additional value
for shareholders. The initiation of dividend policy was encouraged by
continuous growth in the Company‘s sales, relatively stable net profit and cash
flows, and small financial burden. It is estimated that a dividend payout ratio
of 25% would not limit the Company‘s further development opportunities, but
approved long-term dividend policy would provide confidence and create value
for the Company‘s shareholders. The Board of Directors notes that the future
dividend payout ratio would increase according to the declining financial debt
level and financing needs for future business development. 

All draft decisions of the Ordinary General Meeting of Shareholders with the
supplemented item 7 are attached. 

 The Company shall not provide the possibility for shareholders to participate,
vote and give the mandate to represent them in the General Meeting of
Shareholders through electronic communication channels. 

 The account date of the Ordinary General Meeting of Shareholders is 20 April
2012. In General Meeting of the shareholders have the rights to participate and
vote persons who were company's shareholders at the end of accounting date of
shareholders meeting personally or their authorized persons, or persons with
whom voting rights transferring contract is signed. 

 The rights accounting day is 14 May 2012. Property rights are possessed by
persons who are shareholders at the end of the 10th working day after the
shareholders' meeting that issued appropriate decision. 

 The agenda of the Ordinary General Meeting of Shareholders may be supplemented
by initiative of shareholders who own shares carrying not less than 1/20 of all
the votes. Proposals to the agenda of the Ordinary General Meeting of
Shareholders may be submitted not later than on the 13 April 2012. Along with a
proposal to supplement the agenda of the Ordinary General Meeting of
Shareholders it is required to submit the drafts of proposed decisions or, if
decisions shall not be adopted, explanations on each of the proposed issues. 

 Shareholders who own shares carrying not less than 1/20 of all votes own the
right at any time before the Ordinary General Meeting of Shareholders or during
the meeting in writing sending them by a registered mail at the above-specified
head-office address of the Company or by e-mail info@vilkyskiu.lt to propose
new draft decisions on the issues already included or to be included into
agenda. 
 The shareholders shall have the right to present questions related to the 27
April 2012 Ordinary General Meeting of Shareholders agenda issues to the
Company in writing  by e-mail info@vilkyskiu.lt or at the head-office address
Vilkyškiai, LT-99254 Pagėgių sav. The Company undertakes to respond if the
questions are received not later 3 working days before the General Meeting of
Shareholders. 

 On decisions, which are included into Ordinary General Meeting of Shareholders
agenda, can be voted in writing by completing the general ballot paper. On
shareholder's request, the Company shall, not later than 10 days before the
meeting, send the general ballot paper by registered mail free of charge or by
hand against receipt. The filled in general ballot paper must be signed by
shareholders' or a person authorized by him. The vote of the shareholders'
authorized person voting particulars must be added the right to vote in a
document. 

 Shareholders who participate in General Meeting must submit an identity
document, the authorized person - an identity document and the letter of
attorney in accordance with the procedure laid down by the law. A person who is
not a shareholder, besides this document, must also submit a document
confirming the right to vote at an General Meeting of Shareholders. 

 Starting from the 17 April 2012, shareholders can get acquainted with the
company‘s documents related to the agenda of shareholders meeting at the
company's office located Vilkyškiai, LT-99254 Pagėgių sav., or on the webpage
of the company (http://www.vilkyskiu.lt). 




         Vilija Milaseviciute, Finance director
         Vilkyskiu pienine AB, phone +370 441 55102