Panevezio Statybos Trestas AB - Notification on material event

Resolutions of the annual General Meeting of the Sshareholders

The following resolutions were adopted at the General Meeting of the
Shareholders of <i style="">Panevėžio <i style="">statybos trestas, AB taken
place on 22 April 2010 <b style="">1.      <b style="">The conclusions of the audit regarding the
financial statement and annual report of the Company for the year 2010<b
style="">. 

Information heard<b style="">2.      <b style="">The annual report of the Company for the year
2010<b style="">. 

Information heard<b style=""> 3.      <b style="">Approval of a set of financial statements of
the Company for the year 2010<b style="">. 

The consolidated statement of the <i style="">Panevėžio statybos trestas, AB
and a set of financial statements of the Company for the year 2010 was
approved. <b style="">4.      <b style="">The distribution of profit (loss) of the
Company for the year 2010<b style="">. 

The distribution of profit (loss) of <i style="">Panevėžio statybos trestas AB
for the year 2010 was approved as follows: 

1.      Undistributed profit (loss) of the previous financial year at the end
of the accounting financial year - 95886657 Lt (27770695 EUR); 

2.      Net profit (loss) of the accounting financial year - 10145295 Lt
(2938281 EUR); 

3.      Profit (loss) of the accounting financial year unrecognized in profit
(loss) statement 595997 Lt (172613 EUR); 

4.      Transfers from reserves (reinstatement of  bonuses) - 1144500 Lt
(331470 EUR); 

5.      Contributions of shareholders to cover the loss of the Company (in case
of the shareholder decision to cover all or a part of loss) - 0  Lt (0 EUR); 

6.      Profit (loss) available for distribution totalling 107772449 Lt
(31213059 EUR); 

6.1.      a part of profit to the required reserve - 0 Lt (0 EUR);

6.2.      a part of profit to the reserve for the acquisition of own shares - 0
Lt (0 EUR); 

6.3.      a part of profit to other reserves - 0 Lt (0 EUR);

6.4.       a part of profit for dividend paying  - 1144500Lt (331470 EUR)

6.5.       a part of profit for annuity (bonuses for the members of the Board
and Supervisory Board, premium pays for employees and other purposes  2000000
Lt (579240 EUR). Assign to the Board of the Company, the appointed annual
allocation of payments (bonuses) by the General Meeting of shareholders
distribute to a members of a Board by their discretion and submit to the
company for execution. 

7.      The undistributed profit (loss) at the end of the accounting financial
year transferred to the next financial year - 104627949 Lt (30302349 EUR). 

  Dividends in the amount of 0.07 Lt (0.02027 EUR) will be allocated per
ordinary share of <i style="">Panevėžio statybos trestas AB having the par
value of 1 Litas. In total 1144500 Lt (331470 EUR) will be allocated to
dividend payment. 

5.      <b style="">Election of members for the audit committee.

The following members were elected to the audit committee:

Irena Kriaučiūnienė (as an independent member)

Roma Morozovienė

Regina Sukarevičienė<b style="">Dalius Gesevičius

Managing Director

Phone: (+370 45) 505 503