Annual General Meeting of the shareholders of Balti Investeeringute Grupi Pank AS held on April 26 2007 decided: 1. Approval of 2006 Annual Report and allocation of profits The Annual General Meeting of Shareholders decided to approve the 2006 Annual Report and the proposal for profit distribution. The net profit for 2006 in the amount of 173,829 million kroons together with retained earnings from previous years in the amount of 53,537 million (total of 227,266 million kroons) will be distributed as follows: - to pay as dividends 22 million kroons, i.e 275 kroons per share - to increase Bank's reserves by 4 million kroons - retained earnings will therefore amount to 201,366 million kroons 2. Election of the auditor To appoint KPMG Baltics AS (reg no. 10096082) to audit Balti Investeeringute Grupi Pank AS in 2007 and to authorise the Board to sign the auditing agreement, including remuneration of the auditors. 3. Election of the members of the Supervisory Board In connection with approval of the Annual Report, the authorities of the Supervisory Council have terminated. The Annual General Meeting of Shareholders decided to extend the term of the authorities of the Supervisory Board for another period. The Bank's Supervisory Board will continue with the following members: - Parvel Pruunsild - Vahur Voll - Juhani Jaeger - Linda Terras - Meelis Luht Additional information: Targo Raus Chairman of the Board Phone: +372 735 0923
Resolutions of Annual General Meeting of Shareholders of Balti Investeeringute Grupi Pank AS
| Source: BIGBANK