Gubernija AB - Notification on material event

Convocation of Ordinary General Meeting of Shareholders

Siauliai, Lithuania, 2011-03-10 14:43 CET (GLOBE NEWSWIRE) -- The Ordinary
General Shareholders Meeting of Gubernija AB, code 144715765, address Dvaro
str. 179, Siauliai, is convened by initiative and the decision of the Board. 

The Date of the Meeting - the 19th of April, 2011, Tuesday. Time - 10 A.M.,
place - Dvaro str. 179 (1 floor), Siauliai, Lithuania. Registration starts - 9
A.M. 

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

1. Annual report of the Company for the Year 2010.
2. Independent auditor's report.
3. Approval of the Annual Financial Accounts of the Company for the year 2010.
4. Appropriation of the result of the year 2010.
5. Selection of the audit enterprise for approval of the financial accounts for
the year 2011 and establishment of payment terms and conditions. 

The account date of the Ordinary General Meeting of Shareholders - the 12th of
April, 2011. Shareholders that own City Service AB shares on the end of the
working day of the 12th of 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, to this document, also
must 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.
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
Ordinary 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 Ordinary General Meeting of Shareholders. Power of attorney that is issued
by the shareholder must be submitted by sending e-mail info@gubernija.lt not
later than the 14th of April, 2011 (16hrs. 00 min.). 

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. 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 info@gubernija.lt or delivered
directly to the Company's Office at Dvaro str. 179, Siauliai (2rd floor) not
later than the 14th of April, 2011 (16 hrs. 00 min). 

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. 

The agenda of the Ordinary 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 Ordinary General Meeting of Shareholders
may be submitted by e-mail info@gubernija.lt ordelivered to the Company's
office at Dvaro str. 179, Siauliai(2rd floor) no later than the 4th of April,
2011. 

Please be informed that along with a proposal to supplement the agenda of the
Ordinary 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 Ordinary General Meeting of
Shareholders or during the meeting in writing or by e-mail info@gubernija.lt
propose new draft decisions related to the questions included into agenda
propose an audit company. 

Shareholders own the right to ask the questions concerning the agenda on 19th
of April, 2011 of the Ordinary General Meeting of Shareholders. Questions may
be submitted by e-mail info@gubernija.lt or delivered directly to the Company's
office at Dvaro str. 179, Siauliai (2rd floor) not later than the 14th of
April, 2011. 

Please be informed that the Company may refuse to answer to shareholder's
questions if they are concerned to the commercial (industrial) secrets or other
confidential information. If it is possible to set the shareholder's identity,
the Company shall inform the shareholder on the refusal to provide asked
information. 

AB „Gubernija“
General Manager
Vijoleta Dunauskiene
+370-41-591900


         Rimas Petrosius, information technology engineers, +37068602616