Draft decisions of extraordinary general


Targeting to reinstate the equity capital of the company up to ½ authorized
capital noticed in the Articles of Association AB GUBERNIJA Management Board
approved the decision projects of the Extraordinary General Meeting which will
be held on 2 June, 2008: 

1. To cover losses by contributions of shareholders. The losses are covered in
proportion to the amount of shares held by shareholders. Every shareholder
should contribute 0,12 LTL of each 1 LTL nominal value of share. Total amount
of contribution to cover the losses is 2977766,40 LTL (two million nine hundred
seventy seven thousand seven hundred and sixty six Litas and forty cents). 

2. To reduce the authorized capital by reducing the nominal value of shares
from 1 LTL to 0,75 LTL for a share. To change the Articles of Association in
article “nominal value 0,75 LTL” and “the authorised capital 18611040 LTL
(eighteen million six hundred eleven thousand and forty Litas)”. The losses are
reduced by the difference of changed nominal value of shares by 6203680 LTL
(six million two hundred three thousand six hundred and eighty Litas). To
authorize the General Director of the company to sign the amendments of
Articles of Association and register them by way of judicial procedure. 

3. To increase of the authorized capital by 6000000 LTL (six million Litas) up
to 30814720 LTL (three million eight hundred fourteen thousand seven hundred
and twenty Litas) by issuing 6000000 (six million) additional ordinary
registered shares issue of nominal value of 1 LTL. To authorise the General
Director of the company to sign share subscription agreements and the
amendments of Articles of Association regarding the amount of the authorized
capital and number of shares. The amendments of Articles of Association
regarding increase of the authorized capital by additional contributions are
registered with the Register of Enterprises after signing shares and paying
initial contributions 

On behalf of AB Gubernija,

Povilas Stumbrys
Director General
+370 610 09 091