Vilniaus Degtine AB - Notification on material event

Resolutions of the General Shareholder Meeting of Vilniaus degtinė AB 20.03.2008

Resolutions of the General Shareholder Meeting of Vilniaus degtinė AB 20.03.2008

1. Auditor's opinion on the company's financial statements and on the company's 
yearly report.                                                                  
Resolution: Approve Auditor's opinion.                                          
2. Approval of the Company's Annual Performance Statement 2007                  
Resolution: Approve the Annual Performance Statement 2007 of Vilniaus degtinė   
AB.                                                                             
3. Approval of the Company's Annual Financial Statements 2007                   
Resolution: Approve the Annual Financial Statements 2007 of Vilniaus degtinė AB,
according to which the Company's assets as of the 31st December 2007 were LTL   
88,133,638 (EUR 25,525,266)  owner's equity - LTL 37,247,428 (EUR 10,787,601),  
and net profit of the economic year - LTL 1,681,915 (EUR 487,116).              
4. Allocation of the Company's profit of the year 2007 in the year 2008         
Resolution: Results of the year 2007:                                           
1. Retained profit (loss) of previous financial year-                           
   at the beginning of the year under report LTL 8,716,239 (EUR 2,524,397)      
2. Net profit (loss) of the year under report LTL 1,681,915 (EUR 487,116)       
3. Profit (loss) of the financial year under report             
not recognised on the Profit & Loss Statement - absent                          
4. Transfers from reserves - absent                                             
5. Shareholder contributions to cover the Company's losses - absent             
6. Allocated profit (loss), total LTL 10,398,154 (EUR 3,011,513)                
7. Share of profit allocated to the statutory reserve - absent                  
8. Share of profit allocated to the reserve for purchase of own shares - absent 
9. Share of profit allocated to other reserves - absent                         
10. Share of profit allocated to payment of dividends - absent                  
11. Share of profit allocated to annual allowances (bonuses)                    
to members of the Board of Directors and the Board of Observers,                
to employee bonuses and other purposes - absent                                 
12. Retained profit (loss) at the end of the year                               
under report, moved forward to the following year LTL 10,398,154 (EUR 3,011,513)

5. Election of a member of the Board of Observers                               
Resolution: Elect Dariusz Wladislaw Jamiola, Tomasz Andrzej Kowalski, Ilona     
Šerlatienė to the position of a member of new Board of Observers.               
6. Alteration of the Articles of Association of the Company                     
Resolution: To approve the new wording of Company‘s Articles. To authorize      
Company's  director general, Mr Danas Kerbelis, to sign the new-worded Articles 
of the  Company and perform all other acts related to registration of Company's 
Articles, to empower Mr Danas Kerbelis to re-authorize another person to conduct
the indicated acts and to sign related legal documents.                         
7. Desition to pledge to AS “UniCredit Bank” immovable and movable property as  
well as rights in property.                                                     
Resolution: Approve the decision to pledge immovable and movable property as    
well as rights in property, as a guarantee of repayment of the credit granted to
third person. To authorize Company's  director general, Mr Danas Kerbelis, to   
sign all documents related with the pledge.                                     
8. Election of the audit company and determination of the terms of payment for  
audit services                                                                  
Resolution: ‘1. Elect audit company KPMG Baltics UAB to the position of the     
auditors of Vilniaus degtinė AB.                                                
2. Authorise the Company's Managing Director (CEO) to sign service provision    
agreement with the Company's auditor KPMG Baltics UAB with regard to execution  
of the audit of Annual Financial Statements 2008, paying for the services the   
price agreed by the parties.'                                                   

Audra Jauniškienė                                                               
Finance and Administration Director                                             
(+370 5) 213 3152

Attachments:

vilniaus degtine ifrs 2007 12 31 en 2008 03 20.pdf