LESTO AB - Notification on material event

Regarding of the Ordinary General Meeting of Shareholders of LESTO AB

LESTO AB, identification code 302577612, registered office placed at Žvejų str.
14, Vilnius, Republic of Lithuania. The total number of registered ordinary
shares issued by company is 603 944 593; ISIN code LT0000128449. 

An Ordinary General Meeting of Shareholders of LESTO AB is to be convened on
the initiative and by the decision of the Board of company on 7 April 2011. 

The date, time ant place of the Ordinary General Meeting of Shareholders: The
Ordinary General Meeting of Shareholders of LESTO AB will be held on 29 April
2011, at 9.00 a.m., on the premises of LESTO AB (Žvejų str. 14, Vilnius). 
The shareholder registration will start at 8.25 a.m. and will end at 8.55 a.m.
The record date of these General Meetings is 21 April 2011. Only persons who
are shareholders of LESTO AB at the end of the record date of the General
Meeting of Shareholders of company shall have the right to attend and vote at
the General Meeting of Shareholders of LESTO AB. 
The record date of the rights of Shareholders: 13 May 2011. Only persons who
are shareholders of LESTO AB at the end of the record date of the rights of
Shareholders shall have the right of Shareholders, provided in Article 15
paragraph 1 article's 1-4, of the Law on Companies of the Republic of
Lithuania. 
The following agenda of the Ordinary General Meeting of Shareholders of LESTO
AB was approved by the decision of the Board of company on 7 April 2011 and the
following draft decisions is proposed: 

Agenda of the Ordinary General Meeting of Shareholders of LESTO AB:
2. 3. 4. 5. 6. 1. 2. 3. info@lesto.lt not later than by the end of the working
day on 28 December 2011 (4:30 p.m.). The authorised person shall have an
identity document and shall enjoy the same rights at the General Meeting as the
shareholder represented by him would enjoy (unless the issued authorisation or
laws provide for narrower rights of the authorised person). The shareholder's
right to participate in the General Meeting of Shareholders shall also include
the right to ask. LESTO AB has not approved any special authorisation form of
the abovementioned General Meeting of Shareholders. 
  The agenda of the General Meeting of Shareholders of LESTO AB may be
supplemented on the initiative of shareholders of company whose shares held in
company carry at least 1/20 of all votes at the General Meeting of Shareholders
of LESTO AB. The proposal to supplement the agenda of the respective General
Meeting of Shareholders shall be accompanied by draft decisions or, where no
decisions have to be taken, by explanations on each proposed agenda item of the
Ordinary General Meeting of Shareholders. The agenda shall be supplemented if
the proposal is received no later than 14 before the respective General Meeting
of Shareholders. Shareholders whose shares held in LESTO AB carry at least 1/20
of all votes at the General Meeting of Shareholders of company shall have the
right to propose, at any time before the General Meeting of Shareholders of
LESTO AB, new draft decisions on issues that are included or will be included
in the agendas of the General Meeting of Shareholders of LESTO AB. Proposals on
the supplementation of the respective agenda or relevant draft decisions shall
be submitted in writing to LESTO AB, Žvejų str. 14, Vilnius, or by e-mail to
info@lesto.lt. 
  Shareholders of LESTO AB shall have the right to present questions related to
the agend of the General Meeting of Shareholders of company. Questions may be
presented by e-mail to info@lesto.lt or delivered to LESTO AB to Žvejų str. 14,
Vilnius, no later than 3 working days before the General Meeting of
Shareholders. 
  Shareholders will be able to vote on the agenda items of the General Meeting
of Shareholders of LESTO AB in writing by filling in ballot papers. At the
request of a shareholder, LESTO AB shall send, free of charge, a ballot paper
to the shareholder by registered post or deliver it by hand against signature
no later than 10 days before the General Meeting of Shareholders of LESTO AB. A
completed ballot paper shall be signed by the shareholder or a person
authorised by the shareholder. Where a person authorised by the shareholder
casts a vote, a document certifying the right to vote shall be attached to the
completed ballot paper. Filled and signed general ballot paper and the document
confirming the voting right can be sent to the company by registered mail or
delivered at Žvejų str. 14, Vilnius, no later before the General Meeting of
Shareholders. The company retains the right not to recognize the advance vote
of the shareholder or his/her authorised representative, if his/her submitted
general ballot paper does not meet the requirements of Paragraphs 3 and 4 of
Article 30 of the Law on Companies of the Republic of Lithuania, was received
to late or is filled so that the true will of the shareholder on an individual
matter cannot be determined. Electronic means of communication shall not be
used for participation and voting at either of the abovementioned General
Meeting of Shareholders. 
  Shareholders can familiarise themselves with documents related to the agenda
of the General Meeting of Shareholders of LESTO AB, draft decisions on the
agenda, documents to be submitted to General Meeting of Shareholders and other
information related to the implementation of the rights of shareholders
specified in this notice on the website of LESTO AB at http://www.lesto.lt from
the date of this notice as well as on the premises of LESTO AB (Žvejų str. 14,
Vilnius) during working hours (7.30-11.30 a.m. and 12.15-4.30 p.m.; 7.30-11.30
a.m. and 12.15-3.15 p.m. on Fridays). 

Information is not confidential.



         Renata Gaudinskaitė, tel. (8~5) 251 4502

Attachments:

AB LESTO draft_articles_of_association.docx