Klaipedos Baldai AB - Notification on material event

Resolutions adopted by the General Shareholders meeting, held on 2013 April 25th

Resolutions adopted by the General Shareholders meeting, held on 25-04-2013:

1. The supervisory council reviews and proposals concerning the financial
accountability of SC "Klaipėdos baldai" for 2012, profit distribution Project
and company report for 2012 by the board meeting. 

Resolution: approve the supervisory council auditor .

2. The auditor report concerning the financial accountability of SC „Klaipėdos
baldai“ for 2012. 

Resolution: approve the report auditor.

3. Financial accountability consolidation for 2012.

Resolution: approve the financial accountability for 2012.

4. Profit distribution for 2012.

Resolution: approve the profit distribution as it follows:

Distribution of profit of the year 2012 (draft)



Articles                                              Amount in     Amount in   
                                                       thousands     thousands  
                                                       LTL           EUR        
--------------------------------------------------------------------------------
Profit (loss) brought forward from the previous          49 068        14 211   
 financial year at the end of the current financial                             
 year                                                                           
--------------------------------------------------------------------------------
Net profit (loss) for the current financial year         4 995         1 447    
--------------------------------------------------------------------------------
Profit (loss) of financial year not recognized in         (74)          (21)    
 the statement of comprehensive income                                          
--------------------------------------------------------------------------------
Transferred depreciation of revaliuation reserve         1 084           314    
--------------------------------------------------------------------------------
Transfer  to reserve for acquisition of own shares         500           145    
--------------------------------------------------------------------------------
Profit (loss) from the cancellation of own shares        (1 089)       (315)    
--------------------------------------------------------------------------------
Distributable profit                                     53 484        15 490   
--------------------------------------------------------------------------------
Distribution of the profit:                                                     
--------------------------------------------------------------------------------
-   to legal reserves                                      -             -      
--------------------------------------------------------------------------------
-   to reserve acquisition for own shares                1 000           290    
--------------------------------------------------------------------------------
-   to other reserves                                      -             -      
--------------------------------------------------------------------------------
-   dividends                                              -             -      
--------------------------------------------------------------------------------
-  other                                                   -             -      
--------------------------------------------------------------------------------
Undistributed result -  profit (loss) at the end of      52 484        15 200   
 the financial year                                                             
--------------------------------------------------------------------------------



5. The approving of the auditor for 2013, the establishment of the rate for the
report. 

    Resolution draft is approval for vote:

   To extend the audit services contract with company - “Ernst & Young Baltic”
for Year 2013. Set an annual fee for the audit services 37 000 Lt plus VAT. 

Resolution: approve the extendation the audit services contract with company -
“Ernst & Young Baltic” for Year 2013. 

6. Resolution re share buy back.

a) To buy up to 10 percent of company shares.

b) The purpose of acquisition of own shares is to maintain and enhance the
company's share price. 

c) The period during which the company may buy own shares is 12 months from the
decision taking date. 

d) To set up the maximum price per share for own shares to be purchased - 2.00
EUR (6,9056 LTL), respectively, a minimum price of one share - equal to the
nominal value per share, that is, 0.290 EUR (1,00 LTL). 

e) To authorize the Board to organize the share buy back, establish share
buying and selling procedures, time, number of shares and price, perform other
related activities in accordance with the conditions set out in this resolution
and requirements set by Republic of Lithuania Law on Companies. 

Resolution: approve the share buy back resolution.



SC „Klaipėdos baldai“

Director

Ramūnas Marozas



For supplementary information contact:

Public Relations Manager of Concern “SBA”

Goda Januškevičiūtė

Tel. +370 612 07 187

Viðhengi:

Klaipedos_baldai_FS_2012_en.pdf

atspatvEN.pdf