Panevezio Statybos Trestas AB - Notification on material event

Convening of the Extraordinary General Meeting of the Shareholders

On the initiative and following the resolution of the Board of Panevėžio
statybos trestas AB, the Extraordinary General Meeting of the Shareholders of
Panevėžio statybos trestas AB (address of registered office P. Puzino Str. 1,
Panevėžys, company code 147732969) is convened on 30 September 2011. 

  The place of the meeting will be the meeting room of Panevėžio statybos
trestas AB at P. Puzino Str. 1, Panevėžys. 

  The beginning of the meeting - 10:00 (registration shall start at 09:30).

  The accounting day shall be 23 September 2011 (only the persons who at the
end of the accounting day of the Extraordinary General Meeting of the
Shareholders shall be on the shareholder list of the company 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 the Shareholders). 

  Proposed agenda:

1.  Selection of an audit company to carry out the audit of the financial
statements and the annual reports sof Panevėžio statybos trestas AB and the
companies of Panevėžio statybos trestas AB Company Group for the year 2011. 


  The company shall not provide 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, Panevėžys) from 7:30 till 16:30.
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 the 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 or sent by registered mail at the following address:
Panevėžio statybos trestas AB, P. Puzino Str. 1, LT- 35173, Panevėžys. 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 16 September 2011. 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 were 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 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 by 9:00 on 30 September 2011 may be delivered (on
work days) to secretary's office in the company or sent by registered mail at
Panevėžio statybos trestas AB, P. Puzino Str. 1, LT- 35173, Panevėžys. 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 (30
September 2011). 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 to be 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 30 September 2011
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 his 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. 

  The shareholder may using the means of electronic communications 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 but 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 a separate proxy to participate and vote at the Extraordinary General
Meeting of the 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 the
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 the 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 the Shareholders agreed with the
client. The shareholder may vote in a different manner using the one part of
his shares carrying votes and the other part of shares carrying votes. 

  A 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 a
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 required) shall be delivered to the company by registered mail at Panevėžio
statybos trestas AB, P. Puzino Str. 1, LT- 35173, Panevėžys, 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: 

  -- notice of convening the meeting;  
  -- total number of company shares and the number of voting shares on 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 general ballot paper.                                          



For more information contact:

Dalius Gesevičius

Managing Director

Phone: (+370 45) 505 503

Attachments:

Nutarimu_projektas_En.pdf