Linas - Notification on material event

Draft Resolutions of the Repeated Annual General Meeting of Shareholders of AB “Linas”

Panevezys, Lithuania, 2015-04-30 11:11 CEST (GLOBE NEWSWIRE) -- <span
style="font-size:11pt;">Draft Resolutions suggested by the Board of AB “Linas”
for the Repeated Annual General Meeting of Shareholders to be held on 19 May
2015:</span><strong style="font-size: 11pt;"><span style="font-size:11pt;">1. Audit
conclusion regarding the consolidated and Company's Annual Financial
Accountability and Annual Report of year 2014.</span><span style="font-size:11pt;">Project of resolution: to pay attention to the
auditor's conclusions confirming AB “Linas” consolidated and Company's
financial accountability of year 2014 and to agree to the consolidated annual
report of the company of year 2014.</span><strong style="font-size: 11pt;"><span style="font-size:11pt;">2. Confirmation
of consolidated and company's annual financial accountability of year 2014 and
presentation of consolidated annual report.</span><span style="font-size:11pt;">Project of resolution: to confirm AB “Linas”
consolidated and company's annual financial accountability and to agree to
consolidated annual report of year 2014.</span><strong style="font-size: 11pt;"><span style="font-size:11pt;">3. Company's
profit (loss) allocation of year 2014.</span><span style="font-size:11pt;">Project of resolution: to confirm AB “Linas”
profit (loss) allocation:</span><span style="font-size:11pt;">1) retained loss of the previous financial year
at the end of the accounting year - 345.834 Lt (100.160 EUR); </span><span style="font-size:11pt;">2) net loss of the accounting year  3.534.643 Lt
(1.023.703 EUR);</span><span style="font-size:11pt;">3) profit (loss) of the accounting financial year
unrecognized in the statement of comprehensive income - 0 Lt (0 EUR);</span><span style="font-size:11pt;">4) transfers from mandatory reserve  0 Lt (0
EUR);</span><span style="font-size:11pt;">5) transfers from reserve for business projects 0
Lt (0 EUR);</span><span style="font-size:11pt;">6) transfers from reserve for the support 0 Lt (0
EUR);</span><span style="font-size:11pt;">7) transfers from profit for dividend paying  0
Lt (0 EUR);</span><span style="font-size:11pt;">8) shareholders contributions to cover company's
looses 0 Lt (0 EUR);</span><span style="font-size:11pt;">9) allocated loss totally 3.880.477 Lt (1.123.864
EUR);</span><span style="font-size:11pt;">10) share of profit set for the mandatory reserve
0 Lt (0 EUR);</span><span style="font-size:11pt;">11) share of profit set for the reserve for
purchase of own shares  0 Lt (0 EUR);</span><span style="font-size:11pt;">12) share of profit set to other reserves 0 Lt (0
EUR);</span><span style="font-size:11pt;">13) share of profit set for dividend paying  0 Lt
(0 EUR);</span><span style="font-size:11pt;">14) share of profit set for annual allowances
(bonuses) for the members of the board, for the employees premiums and other
purposes 0 Lt (0 EUR);</span><span style="font-size:11pt;">15)</span><span style="font-size:11pt;"> retained
loss at the end of the financial year transferred to the next financial year
3.880.477 Lt (1.123.864 EUR).</span><strong style="font-size: 11pt;"><span style="font-size:11pt;">4. Cancellation
of Company's members of the Board.</span><span style="font-size:11pt;">Project of resolution: to recall Ramunas
Lenciauskas, Daiva Minkeviciene and Gintare Dambrauskaite-Lenciauske from the
Company's members of the Board.</span><strong style="font-size: 11pt;"><span style="font-size:11pt;">5. Election of
Company's members of the Board.</span><span style="font-size:11pt;">Project of resolution: to elect to the Board of
the Company Ramunas Lenciauskas, Saulius Sidlauskas, Daiva Minkeviciene and
Gintare Dambrauskaite-Lenciauske.</span><strong style="font-size: 11pt;"><span style="font-size:11pt;">6. Confirmation
of Company's statute of new edition and authorization.</span><span style="font-size:11pt;">Project of resolution: to confirm statute of new
edition and to authorize company director Saulius Sidlauskas to sign
them.</span>


         AB “Linas” director
         Saulius Šidlauskas
         Tel.: +370 45 506103

Priedai:

Linas_annual_information_2014.pdf