Snaigė AB General Meeting of shareholders and decisions projects


On  April 6, 2010  Management board of AB „Snaigė“ decided to convene the
General Meeting AB „Snaigė“ (code 249664610) shareholders on April 29, 2010 at
10:00 in the main meeting hall of the company  (Pramonės str. 6, Alytus). 
Registration starts  9:30 pm, ends- 9:50 pm.
On the agenda:
1.	The annual report on the company‘s activities for the year 2009;
2.	Auditor‘s report on company‘s financial statements   of the year 2009;
3.	Approval of company‘s annual financial statements of the year 2009;
4.	Approval of the 2009 profit appropriation;
5.	Members of Management Board election for a new period;
6.	Members of audit committee election for a new period;
7.	The collection of annual financial statements for the audit company and the
establishment of the auditing service payment conditions. 

The account date of the ordinary General Meeting of Shareholders - the 22 of
April, 2010. Shareholders that own Snaige AB shares on the end of the working
day of 22 of  April, 2010, shall have the right to participate in convened
ordinary General Meeting. 
The rights account day is 13th of May, 2010.  Shareholders who have interests
according 15 article 1 part 1, 2, 3 and 4 points of the Lithuanian Company's
Law and who will be shareholders at tenth working day after the General Meeting
of Shareholders which awarded decision related with shareholders interests. 

Proposed decisions project:
1.	To approve the annual report on the company's activities for the year 2009;
2.	To listen the auditor's report of company's financial statement for the year
2009; 
3.	To approve annual financial statement for the year 2009;
4.	To approve appropriation of profit (loss)) of the year 2009:
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.	To elect Nerijus Dagilis, Kęstutis Pilipuitis, Martynas Česnavičius,
Robertas Beržinskas ir Mindaugas Gedvilas for the new four years period. 
6.	To ellect Kustaa Aima, Rasa Balčiūnaitė-Kaminskienė, and Virginijus
Dumbliauskas as the members of Audit committee for the new four years period. 
7.	To select the Ernst & Young Baltic as Audit Company for the coming financial
statements auditing, by extending contract with this audit company. To
authorize the company's CEO, 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.	 



Director Managing at interim
Kęstutis Urbonavičius
8 315 56205.