Alita AB - Notification on material event

Notice about an extraordinary general meeting of shareholders of JSC ALITA and an extraordinary general meeting of the Group of Companies ALITA, JSC (Supplement)

On the initiative and pursuant to the 26 June 2009 decision of the Board of
public company ALITA, an extraordinary meeting of shareholders of public
company ALITA and an extraordinary meeting of shareholders of the Group of
Companies ALITA, AB which is being separated from public company ALITA by
spin-off, are convened (until registration of the Articles of Association of
the Group of Companies ALITA, AB with the Register of Legal Entities of the
Republic of Lithuania the shareholders of public company ALITA and the Group of
Companies ALITA, AB will be the same). An extraordinary meeting of shareholders
of public company ALITA will be held on 29 September 2009 at 12.00 noon,
registration starts at 11.00 a.m. The general meeting of shareholders of the
separated Group of Companies ALITA, AB will be held on 29 September 2009 at
3.00 p.m., registration starts at 2.00 p.m. Both meetings will be held at the
registered office of public company ALITA at Miškininkų Str. 17, LT-62200,
Alytus. The record date of both general meetings of shareholders is 22
September 2009. Only those who are shareholders at the end of the record day
will be entitled to participate and vote at the general meeting. The documents
pertaining to the matters on the agendas of both general meetings of
shareholders, draft decisions on every item of the agenda, documents to be
delivered to the general meeting of shareholders and other information relating
to the exercise of shareholders' rights will be available to the shareholders
as of the date of this Notice in the registered office of public company ALITA
(Miškininkų Str. 17, Alytus) on business days (except Fridays) from 9:30 to
12:30 and from 13:30 to 16.00:00 or on the website: www.alita.lt. 
 On 21 August 2009, the Board of public company ALITA passed a decision on
supplementing the agenda of the general meeting of shareholders of the ALITA
Group currently separated by spin-off from public company ALITA to be held on
29 September 2009 with items 5 and 6. 
 Agenda of the extraordinary general meeting of shareholders of public company
ALITA: 
1.Spin-off of the Group of Companies ALITA, AB from public company ALITA;
2.Approval of the new wording of the Articles of Association of public company
ALITA; 
3.Execution of the covenant concerning amendment to the 29 June 2006 Credit
Line Agreement No. 06-046799-KL (as subsequently amended and supplemented). 

 Agenda of the extraordinary general meeting of shareholders of the Group of
Companies ALITA, AB: 
1.Spin-off of the Group of Companies ALITA, AB from public company ALITA;
2.Approval of the Articles of Association of the Group of Companies ALITA, AB;
3.Election of the Board of the Group of Companies ALITA, AB;
4.Execution of the covenant concerning amendment to the 29 June 2006 Credit
Line Agreement No.06-046799-KL (as subsequently amended and supplemented). 
5.Election of a member of the independent audit committee, formation of the
audit committee, approval of the Office Regulations and establishment of
conditions for reporting. 
6.Election of the audit company for the 2009-2010 financial year and
determination of their remuneration. 

The shareholders are entitled: (i) to make proposals on supplementing the
agendas of the general meetings of shareholders no later than 14 days prior to
the dates of the general meetings. The proposals shall be in writing and sent
by registered mail or delivered in person against signature. Each proposed
additional item of the agenda shall be accompanied with draft decision of the
general meeting of shareholders or the shareholder's explanations when the
decision is not required; (ii) to propose draft decisions (in writing, sent by
registered mail or delivered in person against signature, or delivered in
writing during the meeting) on the issues already included or to be included in
the agendas of the general meetings of shareholders at any time prior to the
date of the general meeting of shareholders; (iii) to deliver questions (in
writing, sent by registered mail or delivered in person against signature) to
the company in advance pertaining to the transacted matters no later than 3
business days prior to general meeting of shareholders. 

Shareholders shall have their personal identity documents. Each shareholder may
authorise either a natural or a legal person to participate and vote on the
shareholder's behalf at the general meetings of shareholders. The authorised
representatives have the same rights at the general meetings of shareholders as
have their represented shareholders. The representatives must have their
personal identity documents and their proxies approved under the statutory
procedure which shall be delivered no later than before the commencement of
registration for the general meeting of shareholders. Proxies may be issued by
means of electronic communication. If a proxy is issued by means of electronic
communication, the issuing shareholder shall notify the company thereabout no
later than before the commencement of registration for the general meeting of
shareholders. In such a case the proxy and the notice thereabout shall be in
writing and delivered to the company by means of electronic communication. 

Shareholders may vote in writing by filling their general ballots. In such a
case the requirement to deliver a personal identity document does not apply. If
requested by a shareholder, the company shall send free of charge the general
ballot to the requesting shareholder by registered mail or shall deliver it in
person against signature no later than 10 days prior to the general meeting of
shareholders. The filled general ballot shall be signed by the shareholder or
the shareholder's authorised representative. If signed by an authorised
representative, the general ballot shall be delivered together with the
document proving the right to vote. The filled general ballot shall be sent to
the company by registered mail or delivered in person against signature no
later than before the record day of the general meeting of shareholders. 
Information pertaining to the convened general meetings of shareholders
(including notices and draft resolutions) is available on the website of the
public company ALITA: www.alita.lt. 
The information notice is non-confidential.
For further information please contact Vytautas Junevičius, Director General,  
    +370 315 57243. 

Arvydas Jonas Stankevičius,
Production Director
acting at interim as Managing Director