Panevezio Statybos Trestas AB - Notification on material event

Resolutions Adopted by Extraordinary General Meeting of Shareholders

Resolutions adopted by the Extraordinary General Meeting of the Shareholders
held on 5 November 2010 are as follows: 
1.	Selection of an audit company and establishment of the price for audit
services. 
1.1.	KPMG Baltics UAB has been selected as an auditor to carry out the audit of
the financial statements and the annual report of Panevėžio statybos trestas AB
and the companies of Panevėžio statybos trestas AB Company Group for the year
of 2010. The amount not exceeding 140,000 (one hundred forty thousand) Litas,
VAT excluded, shall be payable for the audit/review of financial statements and
the annual reports of all companies of Panevėžio statybos trestas AB Company
Group for the year 2010. The amount not exceeding 90,000 (ninety thousand)
Litas, VAT excluded, shall be payable for the audit of the financial statements
and the annual report of Panevėžio statybos trestas AB. 
1.2.	For the companies where audit reviews are carried out, no written opinion
of the audit review is required. 
1.3.	Audit companies to carry out the audit at the companies of Panevėžio
statybos trestas AB Company Group located in Russia in accordance with the
accounting and following the audit regulations of that country shall be
selected at the discretion of the General Meetings of the Shareholders of the
companies located in Russia. The fee of these audit services is not included in
the fee to be paid for the audit of the financial statements and annual reports
of the companies of Panevėžio statybos trestas AB Company Group defined in item
1.1. hereinabove. 
1.4.	Dalius Gesevičius, the Managing Director of Panevėžio statybos trestas AB,
has been delegated to initiate the general meetings of the shareholders at the
companies of Panevėžio statybos trestas AB Company Group for the purposes of
selection of an audit company and by means of participation at the meetings
thereof to ensure selection of the relevant audit company, and that these
companies and their daughter companies follow the procedure defined in item
1.5. hereinbelow: 
1.5.	The contract with KPMG Baltics UAB for the provision of the audit/review
services at Panevėžio statybos trestas AB and the companies of Panevėžio
statybos trestas AB Company Group shall be signed by the Managing
Directors/Directors of the companies thereof upon a written consent by Artūras
Bučas. The copies of the contracts thereof and reports of works performance
based on them shall be provided to the parent companies within seven days after
signing them. 
2.	Elections of the new Board.
2.1.	The following candidates have been elected to the new Board of Panevėžio
statybos trestas AB: 
2.1.1.	Remigijus Juodviršis;
2.1.2.	Gvidas Drobužas;
2.1.3.	Vilius Gražys;
2.1.4.	Artūras Bučas;
2.1.5.	Irma Abramavičienė. 

For more information contact:
Dalius Gesevičius
Managing Director
Panevėžio statybos trestas AB
Phone: (+370 45) 505 503