Vilniaus Baldai - Notification on material event

Convocation of the Extraordinary General Shareholders Meeting of Vilniaus baldai AB

Vilnius, Lithuania, 2014-09-17 15:00 CEST (GLOBE NEWSWIRE) -- 

On the initiative and decision of the Company's Management Board the
Extraordinary General Shareholders Meeting of Vilniaus baldai AB
(identification code 121922783, address Savanoriu ave. 178B, Vilnius) is to be
held on 8 October, 2014 at 10:00 a. m. at Savanoriu ave. 178B, Vilnius. 

Registration of the shareholders will start at 9:30 a. m. Only the persons who
are the shareholders of the Company at the end of the accounting day of the
General Shareholders Meeting (1 October, 2014) are entitled to participate and
to vote at the General Shareholders Meeting. 

The agenda of the General Shareholders Meeting:

1. Changing financial year of Vilniaus baldai AB.
2. Amendment of Regulations of Vilniaus baldai AB and approval of new wording
of Regulations. 
3. Election of the audit company and determination of the conditions for audit
remuneration. 
4. Election of the Company's member of the Board.
5. Amendment of Audit committee activity regulations and approval of new
wording activity regulations. 

The documents related to the agenda, draft resolutions on every item of agenda,
documents what have to be submitted to the General Shareholders Meeting and
other information related to realization of shareholder rights are available at
the registered office of the Company during working hours. 

The shareholders are entitled: (i) to propose to supplement the agenda of the
General Shareholders Meeting submitting draft resolution on every additional
item of agenda or, than there is no need to make a decision, - explanation of
the shareholder (this right is granted for shareholders who hold shares
carrying at least 1/20 of all the votes). Proposal to supplement the agenda is
submitted in writing by registered mail or delivered in person against
signature. The agenda is supplemented if the proposal is received no later than
14 days before the General Shareholders Meeting; (ii) to propose draft
resolutions on the issues already included or to be included in the agenda of
the General Shareholders Meeting at any time prior to the date of the General
Shareholders Meeting (in writing, by registered mail or delivered in person
against signature) or in writing during the General Shareholders Meeting (this
right is granted for shareholders who hold shares carrying at least 1/20 of all
the votes); (iii) to submit questions to the Company related to the issues of
agenda of the General Shareholders Meeting in advance but no later than 3
business days prior to the General Shareholders Meeting  in writing by
registered mail or delivered in person against signature. 

Shareholder participating at the General Shareholders Meeting and having the
right to vote must submit document confirming personal identity. Each
shareholder may authorize either a natural or a legal person to participate and
to vote on the shareholder's behalf at the General Shareholders Meeting. The
representative has the same rights as his represented shareholder at the
General Shareholders Meeting. The authorized persons must have document
confirming their personal identity and power of attorney approved in the manner
specified by law which must be submitted to the Company no later than before
the commencement of shareholders registration. Shareholder is entitled to issue
power of attorney by means of electronic communications for legal or natural
persons to participate and to vote on its behalf at the General Shareholders
Meeting. The shareholders must inform the Company about power of attorney
issued by means of electronic communications no later than before the
commencement of shareholders registration. The power of attorney issued by
means of electronic communications and notice about it must be written and
could be submitted to the Company by means of electronic communications on the
condition that the security of the information thus transmitted is ensured and
it is possible to establish the shareholder's identity. 

Shareholder or its representative may vote in writing by filling general voting
bulletin, in such a case the requirement to deliver a personal identity
document does not apply. The form of general voting bulletin is presented at
the Company‘s webpage. If shareholder requests, the Company shall send the
general voting bulletin to the requesting shareholder by registered mail or
shall deliver it in person against signature no later than 10 days prior to the
General Shareholders Meeting free of charge. The filled general voting bulletin
must be signed by the shareholder or its authorized representative. Document
confirming the right to vote must be added to the general voting bulletin if
authorized person is voting. The filled general voting bulletin must be
delivered to the Company (by registered mail or in person against signature) no
later than on the last business day before the General Shareholders Meeting. 

Information related with the convened General Shareholders Meeting (notice on
convocation of General Shareholders Meeting, information about Company's
shares, draft resolution, etc.) are available at Vilniaus baldai AB webpage
http://www.vilniausbaldai.lt. 
For further information please contact + 370 5 2525720.



         Additional information:
         Chief Financial Officer
         Ausra Kibirkstiene
         Phone No.: +370 (5) 2525720