LESTO AB - Notification on material event

Regarding supplement of agenda of Ordinary General Meeting of Shareholders of LESTO AB

Regarding supplement of agenda of Ordinary General Meeting of Shareholders of
LESTO AB 

Vilnius, Lithuania, 2012-04-13 09:56 CEST (GLOBE NEWSWIRE) -- LESTO AB,
identification code 302577612, registered office placed at Žvejų str. 14,
Vilnius, Republic of Lithuania. The total number of registered ordinary shares
issued by company is 603 944 593; ISIN code LT0000128449. 

The Board of LESTO AB on 12 April 2012 adopted the decision to include an
additional item „Regarding the approval of the form and conditions of the
agreement on functions of independent member of the Board of LESTO AB and
assignment of a subject authorized to conclude this agreement“ in the agenda of
the Ordinary General Meeting of Shareholders of LESTO AB which will be held on
27 April 2012 and approved the following agenda of the meeting: 

  1. Regarding the approval of the consolidated Annual Report of the group of
     LESTO AB for the year 2011
.
  2. Regarding the approval of the consolidated Annual Financial Statements of
     LESTO AB for the year 2011
.
  3. Regarding the allocation of the profit (loss) of LESTO AB of the year 2011
.
  4. Regarding the approval of the
 form and conditions of the agreement on functions of independent member of
     the Board of LESTO AB and
assignment of a subject authorized to conclude this agreement.

The following draft decision is proposed for the supplemented agenda item
„Regarding the approval of the form and conditions of the agreement on
functions of independent member of the Board of LESTO AB and assignment of a
subject authorized to conclude this agreement“: 

“1. To approve a form of the agreement on the activities of an independent
member of the Board of LESTO AB (see attached). 

2. To authorize the General Manager of LESTO AB to conclude an agreement on the
activities of an independent member of the Board of LESTO AB Mr. Darius
Maikštėnas, Independent member of the Board. 

3. To authorize the General Manager of LESTO AB to amend any non-material terms
and conditions of the agreement on functions of independent member of the Board
of LESTO AB. 

4. To set for the independent member of the Board of LESTO AB an hourly rate of
pay of LTL 150 (one hundred fifty Litas) excluding VAT for the actual work of
an independent member of the Board. 

5. To establish that maximum remuneration for the independent member of the
Board of LESTO AB shall be LTL 3,500 (three thousand five hundred Litas)
excluding VAT per month.” 



An Ordinary General Meeting of Shareholders of LESTO AB is convened on the
initiative of the Board of company. 

The date, time ant place of the Ordinary General Meeting of Shareholders: The
Ordinary General Meeting of Shareholders of LESTO AB will be held on 27 April
2012, at 9.00 a.m., on the premises of LESTO AB (Žvejų str. 14, Vilnius). 

The Shareholders registration will start at 8.25 a.m. and will end at 8.55 a.m.

The record date of these General Meetings is 20 April 2012. Only persons who
are shareholders of LESTO AB at the end of the record date of the General
Meeting of Shareholders of company shall have the right to attend and vote at
the General Meeting of Shareholders of LESTO AB. 

The record date of the rights of Shareholders: 14 May 2012. Only persons who
are shareholders of LESTO AB at the end of the record date of the rights of
Shareholders shall have the rights of Shareholders, provided in Article 15
paragraph 1 article's 1-4, of the Law on Companies of the Republic of
Lithuania. 

Shareholders can familiarise themselves with documents related to the agenda of
the General Meeting of Shareholders of LESTO AB, draft decisions on the agenda,
documents to be submitted to General Meeting of Shareholders and other
information related to the implementation of the rights of shareholders on the
website of LESTO AB at http://www.lesto.lt as well as on the premises of LESTO
AB (Žvejų str. 14, Vilnius) during working hours (7.30-11.30 a.m. and
12.15-4.30 p.m.; 7.30-11.30 a.m. and 12.15-3.15 p.m. on Fridays). 


         Representative for Public Relations Ernestas Naprys, Tel. No (8~5) 251
4516

Attachments:

EN_Agreement on activities of the independent member of the Board.pdf