Snaige AB - Notification on material event

Notice of the Extraordinary General Meeting

On  February 1, 2010  Management board of AB „Snaigė“ decided to convene the
Extraordinary General Meeting AB „Snaigė“ (code 249664610) shareholders on
March 5, 2010 at 10:00 in the main meeting hall of the company  (Pramonės str.
6, Alytus). 
Registration starts  9:30 pm, ends- 9:50 pm.
On the agenda:
1.	Convertible bonds issue;
2.	Cancellation of a preemptive right.
3.	Inclusion of convertible bonds issue into “NASDAQ OMX Vilnius” stock
exchange debt securities list; 
4.	Change of articles of the Company if after the bonds redemption date there
are Bonds which were converted into shares, to increase the Company‘s
subscribed capital by the nominal value of shares to which the Bonds were
converted; 
5.	Change of articles of the Company;
6.	Grant of authorization.

The account date of the Extraordinary General Meeting of Shareholders - the
26th of February, 2010. Shareholders that own Snaige AB shares on the end of
the working day of 26th of  February, 2010, shall have the right to participate
in convened Extraordinary General Meeting. 

The agenda of the Extraordinary General Meeting of Shareholders may be
supplemented by initiative of shareholders who own shares no less than 1/20 of
all the votes. Proposals to the agenda of the Extraordinary General Meeting of
Shareholders may be submitted by e-mail snaige@snaige.lt  or delivered to the
Company's representative office at Pramones st. 6, Alytus (2rd floor) no later
than the 19th of  February, 2010. Please be informed that along with a proposal
to supplement the agenda of the Extraordinary General Meeting of Shareholders
must be submitted the drafts of proposed decisions, or if the decisions shall
not be adopted, explanations on each of the proposed issue. 

Please be informed that shareholders who own shares no less than 1/20 of all
votes own the right at any time before the Extraordinary General Meeting of
Shareholders or during the meeting in writing or by e-mail snaige@snaige.lt
propose new draft decisions related to the questions included into agenda, also
nominate candidates to the company board or propose an audit company. 

Shareholders own the right to ask the questions concerning the agenda of the
Extraordinary General Meeting of Shareholders. Questions may be submitted by
e-mail snaige@snaige.lt or delivered directly to the Company's office at
Pramones st. 6, Alytus (2rd floor) not later than 4th of March, 2010. 

Persons who participate in General Meeting of Shareholders must submit an
identity document. A person who is not a shareholder, to this document, also
must submit a document confirming the right to vote at an Extraordinary General
Meeting of Shareholders. The authorized person at an Extraordinary General
Meeting of Shareholders shall have the same rights as represented shareholder.
Shareholder's right to attend General Meeting of Shareholders also include the
right to ask. 

Please be informed that shareholders, who are entitled to participate at an
Extraordinary General Meeting of Shareholders, own the right to authorize by
electronic means phisical or legal person to attend and vote on behalf of them
at Extraordinary General Meeting of Shareholders. Power of attorney that is
issued by the shareholder must be submitted by sending e-mail snaige@snaige.lt;
rasa.balciunaite@snaige.lt, fax. 8-315-56-207 not later than the 4nd of March,
2010. 

Please be informed that on decisions which are included into Extraordinary
General Meeting of Shareholders agenda can be voted in writing by completing
the general ballot paper. If the person who had completed the general ballot
paper is not a shareholder, the completed general ballot paper must be
accompanied by a document confirming the right to vote. The duly completed
general ballot paper (voting bulletin) should be sent by e-mail
snaige@snaige.lt; rasa.balciunaite@snaige.lt, fax. 8-315-56-207 or delivered
directly to the Company's Office at Pramones st. 6, Alytus (2rd  floor) not
later than the 4th  of March, 2010. The Company reserves the right not to
include in the shareholder vote, if the general ballot paper does not meet the
third and fourth parts of the 30 Article of Law on Companies requirements or
the general ballot paper is written in a way that it is impossible to establish
shareholder‘s will on a separate issue. 
All information you could finde in internet page http://www.snaige.lt

Finance Director acting at interim as Managing Director
Neringa Menciuniene
+370 315 56205