Resolutions of the ordinary General Shareholder Meeting of Stumbras AB, convened on the 30 April 2011:
1. On the Company's Annual Performance Report 2010.
Resolution: Annual Performance Report 2010 and annex thereto “On the Compliance with the Corporate Governance Code for the Companies Listed on regulated stock exchange” was debriefed.
2. Approval of Annual Financial Statements.
Resolution: approve the Company's Annual Financial Statements 2010 and the Auditor's Conclusion on the Financial Statements.
3. Profit (Loss) Allocation.
During the General Shareholder Meeting, new written proposal of the draft resolution regarding this issue of the agenda was submitted by the Company’s shareholder Mineraliniai vandenys UAB. During the General Shareholder Meeting it was decided to approve the newly proposed profit distribution.
Resolution: approve the Company's Profit (Loss) Allocation of the year 2010:
1) Retained earnings (loss) of the previous financial year at the end of the financial year - LTL 7.593.791,53 (EUR 2.199.314,05);
2) Net profit (loss) of the reporting year - LTL 16.736.256,55 (EUR 4.847.154,93);
3) Unrecognized profit (loss) in the profit (loss) account for the reporting year - none;
4) Transfers from reserves - none;
5) Shareholder contributions to cover losses (in case if shareholders have decided to cover all or any part of losses) - none;
6) Distributable profit (loss) - LTL 24.330.048,08 (EUR 7.046.468,98);
7) Share of profit allocated to the legal reserve - none;
8) Share of profit allocated to the reserve for acquisition of own shares - none;
9) Share of profit allocated to other reserves - none;
10) Share of profit allocated to pay out dividends - LTL 23,000,000 (EUR 6.661.260,43) or LTL 0,575 (EUR ~0,166) per one ordinary share with par value of LTL 1,00;
11) Share of profit allocated to annual fees (bonuses) payable to members of the board of directors - LTL 500.000,00 (EUR 144.810,01);
12) Retained earnings (loss) at the end of the reporting financial year that is forwarded to the following financial year – LTL 830.048,08 (EUR 240.398,54).
4. On appointment of an audit company and terms of remuneration for audit services.
Resolution: appoint the audit company UAB PricewaterhouseCoopers to carry out audit of the Company's Financial Statements of the year 2011. Set the amount of the fee payable for audit services – not more than LTL 72.000 (VAT excluded) Authorise the Company's Director General to sign an agreement with UAB PricewaterhouseCoopers.
Dalius Balceris
Member of the Supervisory Board
+ 370 5 2786 065