VST AB - Notification on material event

The draft resolutions of the Extraordinary General Shareholders Meeting of VST, AB

According to the decision of the Board of VST, AB the Extraordinary General
Shareholders Meeting of VST, AB (company code - 110870748, registered office at
J. Jasinskio str. 16C, Vilnius) is called on July 23, 2010 and shall take place
at the office of the company J. Jasinskio 16C, Vilnius, 5th floor, at 10.00 AM.
The shareholders will be asked to approve the following items: 

1. The item of agenda “Amendment of the Bylaws of VST, AB”:
“1. To approve the new wording of the Bylaws of VST, AB (enclosed).
2.  To authorize the Chief Executive Officer of Company to sign the new wording
of the Bylaws of the Company set forth by the Law and to perform other
necessary actions abiding by the procedure to registry thereof in the Register
of Legal Entities under the procedure established by legislation.” 

2. The item of agenda “Election of the member of the Board of VST, AB”:
“1. To elect [name, surname], personal ID [personal ID], address [address], to
the company's Board until the end of tenure of the current Board. 
2. To set that the new member of the Board starts their duties from the end
from the shareholders meeting that has elected him.” 

3. The item of agenda “Election of the audit company for the audit of financial
reports of VST, AB for the year 2010 and set of the terms of remuneration for
audit services”: 
“1. To elect audit company PricewaterhouseCoopers, UAB as the audit company for
the audit of financial reports of VST, AB for the year 2010 and to pay for
audit services not more than LTL 73 000 (VAT not included).” 

Initiator of the General Shareholders Meeting: the Board of VST, AB.
The date and time of the General Shareholders Meeting: July 23, 2010, 10.00 AM.
The account date of the General Meeting of Shareholders: the July 16, 2010.
Shareholders that own VST, AB shares on the end of the working day of July 16,
2010, shall have the right to participate in convened General Shareholders
Meeting. 
The General Shareholders Meeting place: Vilnius, J. Jasinskio str. 16C (5th
floor). 
Registration starts: July 23, 2010, 9.25 AM.
Registration ends: July 23, 2010, 9.55 AM.

Documents concerning the agenda of the General Meeting of Shareholders, the
drafts of decisions of each agenda question, documents to be submitted to the
Extraordinary General Meeting of Shareholders (the power of attorney to
represent at the General Shareholders Meeting, voting bulletin of the General
Shareholders Meeting), and other information, related to Shareholders rights,
shareholders can access not later than 21 day until the Extraordinary General
Meeting on the web page of the company http://www.vst.lt/, and also in the
company's office (J. Jasinskio str. 16C, Vilnius) during working hours
(7.30-11.30; 12.15-16.30, on Fridays 7.30-11.30; 12.15-15.15). 

Rimantas Vaitkus
Chief Executive Officer

Person for contacts: 
Jolita Faktorovičienė 
Lawyer of Legal Department 
Phone (8~5) 278 1270