Snaige - Notification on material event

Resolutions of the Extraordinary General Meeting of Shareholders

Alytus, Lithuania, 2016-09-30 14:17 CEST (GLOBE NEWSWIRE) -- The following
resolutions were made during the Extraordinary General Meeting of Shareholders
held on 30 September 2016: 

THE AGENDA QUESTION:

Regarding formation the revaluation reserve.

THE DECISION:

To change the valuation methodology of real estate and movable property in
accounting policy of AB “Snaigė”, stating market value of real estate and
movable property, concluded by independent valuators, in financial statements
for 9 months. To form the revaluation reserve for reflection of value
difference between book and market value. 

To authorize the General Manager of the Company Gediminas Ceika (with the right
to reauthorize) to perform all necessary actions relating implementation of
approved decisions by the extraordinary shareholders meeting. 


         Managing Director
         Gediminas Čeika
         +370 315 56206