Lietuvos Juru Laivininkyste AB - Notification on material event

Draft reresoliution of the extraordinary general meeting of shareholders of AB "Lietuvos juru laivininkyste""

Draft of resoliution of the  extraordinary  general meeting of shareholders
which will be held on the 26 November, 2010 : 

1.To approve the result of the tender conducted among audit companies . 
2.To approve the following line of  the audit companies  selected : 

1.UAB “Rimess” - 95 points (price -24079 Lt, including VAT)                     
2.UAB “Deloitte Lietuva” - 52 points (price -62700 Lt, including VAT)
3.UAB “Moore Stephens Vilnius” - 51 points (price - 67760 Lt, including VAT)

3.To elect UAB “ Rimess “ as auditors of AB “ Lietuvos juru laivininkyste “ for 
preparation of the company financial accounting and activity results report on  
December 31, 2010  and pay 24079 LT  including  VAT for the service rendered .  

4.In case the above audit company does not sign the agreement for service in
due time than the other audit company in accordance with the list of the
selected 
audit companies confirmed during the meeting of shareholders will be considered 
as the nominated auditors and it will be paid the offered price for services    
rendered.                                                                       


 Mortgages of company vessels to AB SEB bank to postpone repayment of bank    
loan.                                                                           

1. To approve  the mortgages of  the following vessels in the ownership of the  
AB “ Lietuvos juru laivininkyste” to AB SEB bank as a first line mortgage:      
1.1 “ALKA” - registration No. of the vessel at the Register of Seagoing Ships of
the Republic of Lithuania 739, ( IMO 8711306 );                                 
1.2  “ SKALVA” -  - registration No. of the vessel at the Register of Seagoing  
Ships of the Republic of Lithuania 720, ( IMO 8414764 );                        
2. To authorize company general director Arvydas Bogocionkas to sign  addendum  
No. X ( XX 2010 ) to bank loan agreement No. 00200809012111-12 ( 28.02.2008 ),  
the lists of  property mortgages and hypothec  including the amendments to lists
of property mortgages and hypothec and all related documents                    
 Appointment of AB “ Lietuvos juru laivininkyste “ auditor commitee.           

To offer to the  extraordinary general shareholders meeting to nominate         
candidates to the auditor commitee. 


Arvydas Stropus                                                                 
Chief Accountant                                                                
Phone: (8-46) 393126