Snaige AB - Notification on material event

The supplement of the agenda of Ordinary General Shareholders Meeting and projects of decisions

On the decision of the Company´s Management Board, it was decided to supplement
on agenda of ordinary shareholders meeting to be held on 25th of April, 2008,
and to propose projects for meeting decisions. 

I.To supplement the agenda of Ordinary General Shareholder Meeting by clause:
”Election of Management Board member”. 
Supplemented and specified agenda:
1.The annual report on the company´s activities for the year 2007
2.Audit connclusion regarding the financial statement for the year 2007
3.Approval of annual financial statement for the year 2007
4.Appropriation of Company´s profit (loss) of the year 2007
5.Buy-back of own shares
6.Election of Management Board member

II.Proposed projects for meeting decisions

1.The annual report on the company´s activities for the year 2007 
Suggestion: To approve the annual report on the company´s activities for the
year 2007 
2.Audit connclusion regarding the financial statement for the year 2007 
Suggestion: To reccomend shareholders to consider audit conclusion whil voting
regarding approval of company´s financial statement for the year 2007. 
3.Approval of annual financial statement for the year 2007
Suggestion: to approve annual financial statement for the year 2007
4.Appropriation of Company´s profit(loss) of the year 2007
Suggestion: to approve appropriation of profit(loss)
  Retained earnings of the previous financial year at the end of
reporting year 59 080 280 LTL (17 110 832  EUR)
  Net profit for the year 2007 is - 2 975 738 LTL  (-861 833  EUR)
  Net profit (loss) for allocation at the end of financial year 56 104 542 LTL  
(16 248 998  EUR) 
 Shareholders contributions 0 LTL (0 EUR)
 Transfers from reserves 34 087 600 LTL  (9 872 451 EUR)
 Profit for distribution 90 192 142 LTL   (26 121 450 EUR
 Allocation of profit:
 Share of profit allocated to the statutory reserve 0 LTL (0 EUR)
 Share of profit allocated to other reserves 4 512 300 LTL   (1 306 852 EUR) 
 Of wich:
 To charity, support 0 LTL(0 EUR)
 To social, cultural needs 0 LTL (0 EUR)
 Share of profit allocated to to dividends 0 LTL (0 EUR)
 Share of profit allocated to bonuses for the Board members 0 LTL (0 EUR)
 Share of profit allocated for buy-back of company´s own shares 0 LTL (0 EUR) 
 Share of profit allocated to investment reserve 4 512 300 LTL  (1 306 52 EUR) 
 Retained earnings at the end of reporting year  85 679 842 LTL (24 814 597
EUR) 
5.Regarding buy-back of company´s own shares
Suggestions: not to purchase own shares
6.Election of Management Board member
Suggestion: To elect Robertas Beržinskas as member of Company´s Management
Board for the rest of functional period of the Board. 

Marketing Director acting at interim as Managing Director Ruta Petrauskaite
+370 5 2357162