VST AB - Notification on material event

The draft resolutions of the Ordinary General Shareholders Meeting of VST, AB.

According to the decision of the Board of VST, AB the Ordinary General
Shareholders Meeting of VST, AB is called on April 30, 2010 and shall take
place at the office of the company J. Jasinskio 16C, Vilnius, 5th floor, at
10.00 AM. The Board of VST, AB on April 19, 2010 adopted the decision to update
the agenda of the Ordinary General Shareholders Meeting. 

The shareholders will be asked to approve the following items: 

1. The item of agenda “Consideration of the 2009 annual report of VST, AB”:
“Accept the 2009 annual report of VST, AB (attached).”


2. The item of agenda “Approval of the 2009 set of financial statements of VST,
AB”: 
“Approve the 2009 set of financial statements of VST, AB audited by the audit
company UAB „PricewaterhouseCoopers“ (attached).” 


3. The item of agenda “Distribution of 2009 profit (loss) of VST, AB”:
“Approve the distribution of 2009 profit (loss) of VST, AB:

Retained earnings at the beginning of the financial year	179.923.547
LTL	52.109.461,02 EUR 
Net annual operating result (profit/loss)	4.631.177 LTL	1.341.281,57 EUR
Profit (loss) of the financial year that is unrecognized in the profit (loss)
statement	152.894.189 LTL	44.281.217,85 EUR 
Shareholders contributions to cover losses	0 LTL	0 EUR
Transfers from reserves	0 LTL	0 EUR
Total distributable profit (loss):	337.448.913 LTL	97.731.960,44 EUR
Distribution of profit:	7.807.796 LTL 	2.261.294,02 EUR
- profit allocation to the compulsory reserve	0 LTL	0 EUR
- profit allocation to the reserve to purchase company‘s own shares	0 LTL	0 EUR
- profit allocation to other reserves	0 LTL	0 EUR
- profit allocation to pay out dividends (profit allocation to pay out
dividends per share - 2,10 LTL /0,61 EUR)	7.807.796 LTL	2.261.294,02 EUR 
- profit allocation to yearly pay outs to board and council members, employee
bonuses and other purposes (including relief)	0 LTL	0 EUR 
Retained earnings carried forward to next financial year 	329.641.117
LTL	95.470.666,42 EUR 


4. The item of agenda “Formation of Audit Committee of VST, AB”:
“According to Article 52 of the Law of Audit, to assign for the Board of 
VST,AB, to frame the proposal to formulate the Audit Committee and to submit it
to the Annual General Meeting of Shareholders of VST, AB.“ 


5. The item of agenda “Election of the member of the Board of VST, AB“:
“1. To elect Kęstutis Žilėnas, personal ID <...>, 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.” 


Initiator of the shareholders meeting: the Board of VST, AB.
The date and time of the Ordinary General Shareholders Meeting: April 30, 2010,
10.00 AM. 
The account date of the Ordinary General Meeting of Shareholders: the April 23,
2010. Shareholders that own VST, AB shares on the end of the working day of
April 23, 2010, shall have the right to participate in convened Ordinary
General Meeting. 
The account date of the rights of Shareholders: 14th of May, 2010. Only the
persons, who will be the Shareholders of the Company in the end of the account
date (14th of May, 2010) will have the rights of Shareholders, provided in
Article 15 paragraph 1 article's 1-4, of the Law of Companies. 
The shareholders meeting place: Vilnius, J. Jasinskio str. 16C (5th floor). 
Registration starts: April 30, 2010, 9.25 AM.
Registration ends: April 30, 2010, 9.55 AM.

The Board of VST, AB will suggest the Ordinary General Meeting of Shareholders
of Company to adopt the decision to pay dividends for the years 2009. 

More information about the Ordinary General Meeting of Shareholders of VST, AB
(power of attorney to represent at the Ordinary General Meeting of
Shareholders, voting bulletin of the Ordinary General Meeting of Shareholders
and other information) can be found on the web page of the company
http://www.vst.lt/. 

Rimantas Vaitkus
Chief Executive Officer

Person for contacts: 
Jolita Faktorovičienė 
Lawyer of Legal Department 
Phone +370 5 2781270

Attachments:

ataskaita_en[1].pdf