The ordinary general shareholder's meeting of AB Ukio bankas (registration address 25 Maironio str. Kaunas LT-44250, company number 112020136) convened in the assembly hall of Transport and Road Research Institute (25 Kanto str. Kaunas) at 11 a.m. on 27 March 2008 adopted the following resolutions: 1.Annual report on activities during 2007 was heard (see appendix No. 1). 2.To take into consideration Ukio bankas auditor's UAB “Deloitte Lietuva” conclusion while approving AB Ukio bankas financial statements for the year 2007(see appendix No. 1). 3.To approve Ukio bankas financial statements for the year 2007 (see appendix No. 1). 4.To approve of Ukio bankas profit (loss) distribution for the year 2007. 4.1. Approve Ukio bankas profit (loss) distribution for the year 2007 as follows: 4.1.1. Retained earnings (loss) of the previous financial year at the end of reporting year LTL 36,679.00 thousand; 4.1.2. net profit (loss) for the reporting year LTL 82,724.00 thousand; 4.1.3. disallowance for reporting year profit (loss) LTL 0 thousand; 4.1.4.transfer from limited profit reserve fro distribution LTL 2,000.00 thousand; 4.1.5.profit (loss) for distribution LTL 121,403.00 thousand; 4.1.6. transfer to legal reserve LTL 6,071.00 thousand; 4.1.7.profit share allocated to capital reserve LTL 50,000.00 thousand; 4.1.8. profit share allocated to general purpose revenue reserves to cover asset loss LTL 27,573.00 thousand; 4.1.9.profit allocated for dividends LTL3,934.00 thousand (LTL 0.02 for one ordinary share); 4.1.10.retained profit (loss) at the end of reporting year to be transferred to the following financial year LTL33,825.00 thousand 4.2. For bonuses to Board and Council members LTL 2,500.00 thousand, which was included in the Bank's operating expense in 2007. 5.To elect UAB “Deloitte Lietuva” to be Ukio bankas auditor and set the following payment terms: 5.1.audit of financial statements for the year 2008 LTL - 390,000.00 plus VAT; 5.2.audit overheads LTL - 31,200.00 plus VAT. 6. To increase Ukio bankas' authorized capital. 6.1. Increase Ukio bankas authorized capital by supplementary contributions up to LTL 216,708,000.00 (two hundred sixteen million seven hundred and eight thousand litas) by a new LTL 20,000,000.00 (twenty million) issue of 20,000,000.00 ordinary registered shares of 1 (one) litas. 6.2. Set the par value of the shares of the new issue 1 (one) litas for one share. 6.3. The beginning of the offering of the shares of the new issue is the first business day following the day when the announcement is made in the Lietuvos rytas daily and official notice is made by the registrar of legal persons for the shareholders to obtain shares of the new issue under the right of pre-emption. 6.4. Set the term of 15 days from placing the offer for Ukio bankas shareholders to obtain Ukio bankas shares of the new issue in proportion to the number of shares held. 6.5. Delegate Ukio bankas Board to approve the procedure of share offering and payment and to set the price of the shares of the new issue. 6.6. After the entire LTL 20,000,000.00 (twenty million) issue is distributed, amend Ukio bankas articles of association III (3) as follows: “The Bank's authorized capital of LTL 216,708,000.00 (two hundred sixteen million seven hundred and eight thousand) is divided into 216,708,000.00 (two hundred sixteen million seven hundred and eight thousand) ordinary registered shares. The par value of one share is 1 (one) litas” and incorporate into the current edition of Ukio bankas articles of association. 6.7. Upon distributing not all the shares during the period set for share distribution, regard the capital being increased by the sum of par values of actually sold shares and delegate Ukio bankas Board to make respective amendments in Ukio banko bankas articles of association III (3). 6.8. Authorize Chief Executive Officer to sign the new edition of the Bank's articles of association. 6.9. Delegate Ukio bankas Board to register the issue of 20,000,000.00 (twenty million) ordinary registered shares of the par value of 1 (one) litas and respective amendments Ukio banks articles of association as provided by the law. 7. To approve the amendments of Ukio bankas articles of association (see appendix No. 2). To authorize Chief Executive Officer to sign the amended articles of association of Ukio bankas. 8. To assign, lease or pledge as well as stand surety and guarantor for obligations of other entities with Ukio bankas fixed assets and currently held and, pursuant to this resolution, obtained securities, rights and subsequently acquired movable and immovable property of other issuers. To delegate Ukio bankas Board to make decisions in each specific case on the basis to this resolution of the general meeting on property assignment, lease or security of obligations, as well as standing surety or guarantor with this property. Aukse Armonaite Glodiene, Public Relations Officer +370 615 13004
The resolutions of Ukio bankas ordinary general shareholder's meeting held on 27 March 2008
| Source: Ukio Bankas AB