Linas AB - Notification on material event

Shareholders decisions of the repeated General meeting

On May 28, 2008 the repeated AB “Linas” shareholders General meeting decided:
1.To pay attention on the auditors conclusions when confirming AB “Linas'
consolidated and Company's financial accountability of year 2007 and approving
Company's consolidated annual report of year 2007. 
2.To confirm AB “Linas” consolidated and Company's annual financial
accountability of year 2007 and to approve Company's consolidated annual report
of year 2007. 
3.To confirm AB “Linas” profit (loss) allotment of year 2007:
1)previous financial year unappropriated profit (loss) at the end of reported
financial year 0 Lt (0 EUR); 
2)net profit (loss) of reported financial year 525.742 Lt (152.265 EUR);
3)unadmitted profit (loss) of reported financial year in the report of profit
(loss) - 2.800.000 Lt (-810.936 EUR); 
4)transfers from reserves 8.810.757 Lt (2.551.772 EUR);
5)shareholders contributions to cover the losses of the company (if
shareholders decided to cover all or part of losses) 0 Lt (0 EUR); 
6)total distributable profit (loss) 6.536.499 Lt (1.893.101 EUR);
7)part of profit distributed to compulsory reserve 0 Lt (0 EUR);
8)part of profit distributed to the reserve to acquire own shares 0 Lt (0 EUR);
9)part of profit distributed to the reserve for support 26.499 Lt (7.675 EUR);
10)part of profit distributed to the reserve for business projects development
6.510.000 Lt (1.885.426 EUR); 
11)part of profit distributed for payment of dividends 0 Lt (0 EUR);
12)part of profit distributed for annual payments (bonuses) for members of
Board, bonuses for employees and other purposes 0 Lt (0 EUR); 
13)unappropriated profit (loss) at the end of reported financial year
transferred to the next financial year 0 Lt (0 EUR). 
4.UAB “Revizorius” is elected as audit company for years 2008-2010.


AB “Linas” director
Ramunas Lenciauskas
Tel.: +370 45 506100