Panevezio Statybos Trestas - Notification on material event

Convening of Extraordinary General Meeting of Shareholders

On the initiative and following the resolution of Panevezio keliai AB, the
shareholder of Panevezio statybos trestas AB, as the shareholder to whom the
shares hold give not less than 1/10 of all votes according to Paragraph 1
Article 23 of the Law on Companies of the Republic of Lithuania, the
Extraordinary General Meeting of Shareholders of Panevezio statybos trestas AB
(address of registered office P. Puzino Str. 1, Panevezys, company code
147732969) is convened on 3 October 2016. 

The place of the meeting shall be the of Panevezio statybos trestas AB at P.
Puzino Str. 1, Panevezys. 

The beginning of the meeting - 10:00 (registration shall start at 9:30).

The accounting day shall be 26 September 2016 (only the persons who are on the
shareholder list of the company at the end of the accounting day of the
Extraordinary General Meeting of Shareholders, or the persons who are proxies
for them, or the persons with whom an agreement on the transfer of voting
rights is concluded, have the right to participate and vote at the
Extraordinary General Meeting of Shareholders). 

The Agenda of the Meeting shall be as follows:

  1. Selection of an audit company and pricing of audit services.

The company shall not provide any possibilities to participate and vote at the
meeting using any means of electronic communications. 

Draft resolutions on the items of the agenda, any documents to be presented to
the Extraordinary General Meeting of Shareholders and any information related
to realisation of the shareholders’ rights shall be published on the website of
the company at www.pst.lt under the menu item Investor Relations not later than
21 days before the meeting date. The shareholders shall also be granted access
to the information thereof at the secretary’s office at the headquarters of the
company (P. Puzino Str. 1, Panevezys) from 7:30 till 16:30. The telephone
number for inquiries: (+370 45) 505 508. 

The shareholders who hold shares carrying at least 1/20 of all votes may
propose additional items to be included in the agenda and present a draft
resolution of the Extraordinary General Meeting of Shareholders for each
proposed additional agenda item or, in case no resolution has to be adopted,
give an explanation. Any proposals for additional items of the agenda shall be
submitted in writing or by e-mail. The proposals in writing are to be delivered
to the secretary’s office at or sent by registered mail to the following
address: Panevezio statybos trestas AB, P. Puzino Str. 1, LT- 35173, Panevezys.
The proposals by e-mail are to be sent to the following e-mail address
pst@pst.lt. 

Any proposals for additional items of the agenda are to be presented by 16:00
on 19 September 2016. In the event new items are added to the meeting agenda,
not later than 10 days before the meeting date the company shall inform about
the additions thereof using the same means as have been used for convening the
meeting. 

The shareholders who hold shares carrying at least 1/20 of all votes may
propose new draft resolutions on the items that are on or to be included in the
agenda, additional candidates for the members of the company bodies and the
audit company. The proposals thereof may be presented in writing or by e-mail. 

The proposals in writing may be delivered (on work days) to the secretary’s
office in the company or sent by registered mail to Panevezio statybos trestas
AB, at P. Puzino Str. 1, LT- 35173, Panevezys by 9:00 on 3 October 2016. The
proposals presented in writing shall be discussed during the meeting provided
they have been received at the company before 9:00 on the meeting day (3
October 2016). Any proposals in writing may be presented during the meeting
after the chairman of the meeting reads the agenda out but not later that the
meeting starts working on the agenda items. 

Any proposals delivered by e-mail are to be sent to pst@pst.lt. The proposals
received at the e-mail address thereof by 9:00 on 3 October 2016 shall be
discussed during the meeting. 

The shareholders are entitled to present their questions related to the agenda
items to the company in advance. The questions may be sent by the shareholders
by e-mail to pst@pst.lt not later than 3 work days before the meeting date. The
company shall answer the questions thereof by e-mail before the meeting. The
company shall not deliver the answer to any question of the shareholders in
person provided the relevant information is published on the website of the
company at http://www.pst.lt . 

When registering to participate at the meeting, the shareholders or their
proxies shall present a document which is a proof of their personal identity.
The proxies to the shareholders are to present their proxies certified
following a prescribed procedure. The proxy issued by a legal person has to be
certified by a Notary Public. The proxy issued in a foreign country has to be
translated into Lithuanian and legalised following the procedure prescribed by
law. The proxy may be given the authority by more than one shareholder and vote
in a different manner based on the instructions given by each shareholder. The
company has no special form for the proxy. 

Using the means of electronic communications, the shareholder may authorize
some other natural or legal person to participate and vote at the meeting on
behalf of the shareholder. Such proxy requires no certification by a Notary
Public. The proxy issued by the means of electronic communications is to be
certified by the electronic signature of the shareholder created using any safe
electronic signature software and attested by the qualified certificate valid
in the Republic of Lithuania. Both the proxy and the notification are to be in
writing. The shareholder shall notify the company about the proxy issued by the
means of electronic communications by e-mail to pst@pst.lt not later than at
16:00 on the last work day before the meeting date. The electronic signature
shall be affixed on the proxy and the notification and not on the letter sent
by e-mail. When sending the notification to the company, the shareholder shall
refer to the internet address to be used for the purpose of free downloading of
electronic signature verification software. In case the shares hold by the
shareholder are kept on a few securities accounts, the shareholder may
authorise separate proxies to participate and vote at the Extraordinary General
Meeting of Shareholders in accordance with the rights carried by the shares
kept in each securities account. In that case any instructions given by the
shareholder shall be valid only for one Extraordinary General Meeting of
Shareholders. 

The shareholder who holds the shares of the company acquired in his name,
however for the interests of other persons, before voting at the Extraordinary
General Meeting of Shareholders shall disclose to the company the identity of
the end client, the number of voting shares and the content of given voting
instructions or any other explanation related to the participation and voting
at the Extraordinary General Meeting of Shareholders agreed with the client.
The shareholder may vote in a different manner using one part of his shares
carrying votes and the other part of shares carrying votes. 

The shareholder or his proxy may vote in advance in writing by filling in the
general ballot paper. Not later than 21 days before the meeting date the form
of the general ballot paper shall be published on the website of the company at
http://www.pst.lt under the menu item Investors Relations. In case the
shareholder submits a written request, not later than 10 days before the
meeting date the company shall send a general ballot paper by registered mail
or deliver it in person against signature. The filled in general ballot paper
is to be signed by the shareholder or his proxy. In case the general ballot
paper is signed by the proxy, the document validating the voting right shall be
attached to it. The filled in general ballot paper with the attached documents
(if applicable) shall be delivered to the company by registered mail at
Panevezio statybos trestas AB, P. Puzino Str. 1, LT- 35173, Panevezys, to the
secretary’s office not later than the last work day before the meeting date. 

The following information and documents shall be published on the website of
the company at http://www.pst.lt under the menu item Investors Relations
throughout the entire period starting not later than 21 days before the meeting
date: 

  -- the notice of convening the meeting;  
  -- the total number of company shares and the number of voting shares as of
     the date of convening the meeting;
  -- draft resolutions on the items of the agenda and any other documents to be
     presented to the meeting;
  -- the form of a general ballot paper.                                        
     



For more information contact:

Dalius Gesevicius

Managing Director

Panevezio statybos trestas AB

Phone: (+370 45) 505 503