Vilkyskiu Pienine AB - Notification on material event

Draft resolutions of Shareholders Meeting of 29 April 2008

The following draft resolutions will be presented for the approval of the
Company's shareholders: 

Item 1 of the Agenda: The annual report of the Company of the year 2007. 
To approve the annual report of the Company of the year 2007.

Item 2 of the Agenda: The conclusions of the Company's audit. 
To approve the conclusions of auditor UAB „KPMG Baltics“ of the year 2007. 

Item 3 of the Agenda: Approval of the Company's financial statements of the
year 2007. 
To approve the Company's financial statements of the year 2007.

Item 4 of the Agenda: Appropriation of the Company's profit of the year 2007. 
To approve the appropriation of profit of the year 2007 as follows: 

1) Non-appropriated profit at the end of the year 2006 - 3 081 779 LTL (892 545
EUR) 
2) Net profit of the reporting period -                 10 014 850 LTL (2 900
501 EUR) 
3) Total profit to be appropriated -                    13 096 629 LTL (3 793
046 EUR): 
 - portion of the profit allocated to the legal reserve - 0
 - portion of the profit allocated for payment of the dividends - 2 030 310 LTL 
(588 018 EUR) (or LTL 0.17 (0,049 EUR) per ordinary registered share with
nominal value of LTL 1) 
4) Non-appropriated profit at the end of the year 2007 - 11 066 319 LTL (3 205
027 EUR) 

Shareholders will be able to get acquainted with draft resolution of the
meeting at the premises of the Company at Vilkyskiai, Pagegiai municipality, at
working days from 9 a.m. till 5 p.m. from 20 of April 2008. 

For more information:
Vilija Milaseviciute 
Economist - analyst
Tel.: +370 441 55 102