Grigiskes AB - Notification on material event

GRIGISKES AB: The Ordinary General Meeting of Shareholders will be held on 26 April 2011

Vilnius, Lithuania, 2011-04-01 17:05 CEST (GLOBE NEWSWIRE) -- The Ordinary
General Shareholders Meeting of Grigiskes AB, code 110012450, Vilniaus g. 10,
Grigiškės, LT-27101, Vilniaus m. sav. (hereinafter- Company), is convened by
initiative and the decision of the Board. 

The Date of the Meeting - the 26th of April, 2011, Tuesday.

Time - 11 a.m., place - Vilniaus g. 10, Grigiškės, Vilniaus m. sav., the first
floor of Company's administration building. 

Registration of shareholders starts at 10.30 a.m., ends at 10.55 a.m.

The General Meeting of Shareholders' accounting day is 18 April 2011.

The shareholders' proprietary rights accounting day is 10 May 2011.

The Board proposed the following agenda for the Ordinary General Meeting of
Shareholders: 

1) Consolidated annual report of the Company for the year 2010.

2) Auditor's report for the year 2010.

3) Approval of the set of consolidated annual financial statements and annual
financial statements of the Company for the year 2010. 

4) The appropriation of the Company's profit for the year 2010.

5) Election of the Company‘s Supervisory Board members.

Shareholders who own Grigiskes AB shares at the end of the day of 18 April 2011
shall have the right to participate in convened Ordinary General Meeting. 

Persons who participate in General Meeting of Shareholders must submit an
identity document. A person who is not a shareholder, besides this document,
must also submit a document confirming the right to vote at an Ordinary General
Meeting of Shareholders. The authorized person at an Ordinary General Meeting
of Shareholders shall have the same rights as represented shareholder. The
company has not set the proxy form. A shareholder must notify the Company in
writing by e-mail info@grigiskes.lt until 10:00 a.m. of 26 April 2010 on
authorization given by electronic communication. 

Property rights are possessed by persons who are shareholders at the end of the
10th working day after the shareholders' meeting, i.e. on 10 May 2010, (rights
accounting day)that issued appropriate decision. 

The Company is not providing the possibility to attend and vote at the General
Meeting of Shareholders through electronic means of communication. 

Please be informed that on decisions, which are included into Ordinary General
Meeting of Shareholders agenda, can be voted in writing by completing the
general ballot paper. General ballot paper will be provided on the Company's
website www.grigiskes.lt, under the heading "Investor Relations". 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 or
delivered by mail or directly to the Company's Office at Vilniaus g. 10,
Grigiškės, Vilniaus m. sav., until the beginning of the General Meeting of
Shareholders held on 26 April 2011. If the voting ballot is sent by mail, it
must be received until the beginning of the General Meeting of Shareholders.
The Company reserves the right not to include in the shareholder vote, if the
general ballot paper does not meet the requirements of the third and fourth
parts of the 30 Article of Law on Companies or the general ballot paper is
written in a way that it is impossible to establish shareholder‘s will on a
separate issue. 

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 by e-mail to info@grigiskes.lt or delivered to
the Company's office at Vilniaus g. 10, Grigiškės, Vilniaus m. sav. The agenda
will be supplemented if the proposal is received not later than 14 days before
the General Meeting of Shareholders. 

Please be informed that 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. 

Please be informed that 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 or by e-mail info@grigiskes.lt to
propose new draft decisions related to the questions included into agenda and
propose candidates to the Supervisory Board. 

Shareholders have the right to ask questions concerning the agenda of the
Ordinary General Meeting of Shareholders of 26 April 2011. Questions may be
submitted by e-mail to info@grigiskes.lt or delivered directly to the Company's
office at Vilniaus g. 10, Grigiškės, Vilniaus m. sav., not later than 18 April
2011. Responses of a general character shall be posted on the Company's website
www.grigiskes.lt, under the heading "Investor Relations". The Company will not
respond personally to the shareholder if the respective information is posted
on the Company's website. 

Starting from 4 April 2011, shareholders can get acquainted with the company‘s
documents related to the agenda of shareholders meeting, draft resolutions of
the General Meeting of Shareholders, additional information and information
relating to shareholders' rights at the company's office located Vilniaus g.
10, Grigiškės, Vilniaus m. sav. on weekdays from 7.30 a.m. till 4.30 p.m. Draft
resolutions of the General Meeting of Shareholders, ballot paper and other
documents should be submitted to the General Meeting of Shareholders will be
provided on the Company's website www.grigiskes.lt, under the heading "Investor
Relations". 

The Company's shareholders, who will exercise before the General Meeting of
Shareholders their rights to propose draft decisions or candidates to the
Supervisory Board, supplement the agenda of the Ordinary General Meeting of
Shareholders or ask the questions relating to the agenda of the Ordinary
General Meeting of Shareholders must provide Company with the Company's
securities account manager released documents confirming that person is a
shareholder of the Company. 

The total number of the Company's shares and the number of shares granting
voting rights during the General Meeting of Shareholders is the same and
amounts to 60.000.000. 


         Gintautas Pangonis
         General Director
         (+370-5) 243 58 01