Snaige AB - Notification on material event

Decisions of the ordinary General Shareholder's meeting

General meeting of shareholders held on April 29th in 2010 passed the following
decision: 
1.	The annual report on the company‘s activities for the year 2009.
The annual report on the company‘s activities for the year 2009 was approved.
2.	Auditor‘s report on company‘s financial statements   of the year 2009.
It was taken in consideration the auditor's report approving the Company's 
financial statements for 2009.
3.	Approval of company‘s annual financial statements of the year 2009.
The annual financial statements of the year 2009 were approved.
4.	Approval of the 2009 profit appropriation.
The appropriation of profit (loss)) of the year 2009 was approved:
Retained earnings of the previous financial year at the end of reporting year
69,217,053 LTL (20,046,644 EUR) 
Net profit for the year 2009 is -82,245,667 LTL (-23,819,991 EUR)
Net profit (loss) for allocation at the end of financial year -13,028,614 LTL
(-3,773,347 EUR) 
Shareholders contributions 0 LTL (0 EUR)
Share premium to cover losses 13,028,614 LTL ( 3,773,347 EUR) 
Transfers from reserves 1,860,000 LTL (538,693.2 EUR)
Profit for distribution 1,860,000 LTL   (538,693.2 EUR)
Allocation of profit:
Share of profit allocated to the statutory reserve 0 LTL (0 EUR)
Share of profit allocated to other reserves 0 LTL   (0 EUR) 
Of which:
to charity, support 0 LTL (0 EUR)
To social, cultural needs 30,000 LTL (8,688.6 EUR)
Share of profit allocated 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 1,830,000 LTL (530,004.6 EUR) 
Retained earnings at the end of reporting year 0 LTL ( 0 EUR) .
5.	Members of Management Board election for a new period.
Nerijus Dagilis, Kęstutis Pilipuitis, Martynas Česnavičius, Robertas Beržinskas
ir Mindaugas Gedvilas were elected as the Members of Management Board for the
new four years period. 
6.	Members of audit committee election for a new period.
Kustaa Aima, Rasa Balčiūnaitė-Kaminskienė, and Virginijus Dumbliauskas weer
elected as the members of Audit committee for the new period. 
7.	The collection of annual financial statements for the audit company and the
establishment of the auditing service payment conditions. 
The Ernst & Young Baltic as Audit Company was selected for the coming financial
statements auditing, by extending contract with this audit company. The
company's CEO was authorized, with the right to sub-delegate, to sign the
extension contract with the audit company by setting the payment for auditing
service and other conditions. 

Managing Director
Gediminas Čeika
+370 315 56206