Vilkyskiu Pienine AB - Notification on material event

Draft resolutions of Ordinary General Meeting of the Shareholders, to be held on 27 April 2012

Draft decisions for the Ordinary General Meeting of Shareholders of Vilkyskiu
pienine AB to be held on the 27 April 2012, proposed by the Board of the
Company: 

 Item 1 of the Agenda: The annual report of the Company of the year 2011.

Draft resolution: To attended the annual report of the Company of the year 2011.



Item 2 of the Agenda: Auditor‘s Report regarding the Company's Financial
Statements for 2011. 

Draft resolution: Heard.



Item 3 of the Agenda: Approval of the Company's Financial Statements for 2011.

Draft resolution: To approve the Company's Financial Statements for 2011.



Item 4 of the Agenda: Profit (loss) appropriation for the year 2011.

Draft resolution: To approve the Audited Profit appropriation for the year 2011
as follows under IAS: 



                                                                  thousa  thousa
                                                                  nd LTL  nd EUR
--------------------------------------------------------------------------------
1) Non-appropriated profit (loss) at the end of the year 2010      9.028   2.615
--------------------------------------------------------------------------------
2) Approved by shareholders dividends of the year 2010             2.866     830
--------------------------------------------------------------------------------
3) Transfers to reserves provided by law                             259      75
--------------------------------------------------------------------------------
4) Portion of the profit allocated to the reserve for the          5.768   1.671
 purchase of own shares                                                         
--------------------------------------------------------------------------------
5) Non-appropriated profit (loss) at the beginning of the year       135      39
 2011 after dividends payout and transfer to reserves                           
--------------------------------------------------------------------------------
6) Net profit (loss) of the reporting period                      13.546   3.923
--------------------------------------------------------------------------------
7) Transfers from reserves                                           457     132
--------------------------------------------------------------------------------
8) Total profit (loss) to be appropriated:                        14.138   4.095
--------------------------------------------------------------------------------
-    portion of the profit allocated to the legal reserve              0       0
--------------------------------------------------------------------------------
-    portion of the profit allocated to the reserve for the            0       0
 purchase of own shares                                                         
--------------------------------------------------------------------------------
-    portion of the profit allocated for payment of the            2.986     865
 dividends (or 0,25 LTL (0,0724 EUR) per ordinary registered                    
 share with nominal value of 1 LTL)                                             
--------------------------------------------------------------------------------
-    portion of the profit allocated to the other reserves             0       0
--------------------------------------------------------------------------------
-    portion of the profit allocated to be paid as annual            150      43
 payouts (tantiemes) to board members, bonuses to employees and                 
 for other purposes                                                             
--------------------------------------------------------------------------------
9) Non-appropriated profit (loss) at the end of the year 2011     11.002   3.186
 carried forward to next financial year                                         
--------------------------------------------------------------------------------



Item 5 of the Agenda: Election of the Audit Committee members.

Draft resolution: To elected the members Audit Committee Vanda Krivonosoviene
(independent member) and Milana Buivydiene. 



Item 6 of the Agenda: A decision on the purchase of own shares.

Draft resolution: A decision with regard to the purchase of own shares has been
approved: 

a) To purchase up to 10 percent of the Company's shares.

b) The purpose of acquisition of own shares - to maintain and increase the
price of the Company's shares. 

c) Period during which the Company may acquire own shares - until 30 April 2013.

d) To set the maximum price per share of own shares to be acquired - at 1.40
EUR (4.83 LTL), at the same time setting the minimum acquisition price per
share equal to the nominal value of a share, i.e. 0.29 EUR (1.00 LTL). 

e) To commit the Board to organize the purchase of own shares, to determine the
procedure for purchase and sale of shares, time, number of shares and price, as
well as to perform other actions relating thereto in compliance with the terms
set in this resolution as well as in accordance with the requirements
established in the Republic of Lithuania Law of Companies. 



Additional information authorized to provide Finance director Vilija
Milaseviciute, 

phone +370 441 55102

Attachments:

Confirmation EN.pdf

Vilkyskiu pienine rezults 2011 EN.pdf

Consolidated financial statements for 2011.pdf

Separate financial statements for 2011.pdf