Resolutions Adopted by Extraordinary General Meeting of Shareholders

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| Source: Panevezio Statybos Trestas AB
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Resolutions adopted by the Extraordinary General Meeting of the Shareholders held on 27 November 2013 are as follows:

 

1. Selection of an audit company and pricing of audit services.

1.1.KPMG Baltics UAB has been selected as an auditor to carry out the audit of the financial statements and the annual reports of Panevėžio statybos trestas AB and the companies of Panevėžio statybos trestas AB Group for the year 2013. To pay the amount not exceeding 125,000 (one hundred twenty five thousand) Litas, VAT excluded, for the audit/review of the financial statements and the annual reports of all companies of Panevėžio statybos trestas AB Group for the year 2013, except Baltlitstroj OOO located in Kaliningrad Region, Russian Federation. To pay the amount not exceeding 94,500 (ninety four thousand five hundred) Litas, VAT excluded, for the audit of the financial statement and the annual report of Panevėžio statybos trestas AB for the year 2013 including the review of the financial statements of the following subsidiaries for the purposes of consolidation: Metalo meistrai UAB, Skydmedis UAB and Alinita UAB.

1.2.To recommend the Managing Director of Panevėžio statybos trestas AB by means of participation at the meeting of shareholders of Baltlitstroj OOO located in Kaliningrad Region, Russian Federation and belonging to Panevėžio statybos trestas AB Group to ensure selection of Оценка Консультации Аудит OOO or Aудиторская фирма Балтаудит ЗАО, as its auditor, which would carry out the audit following the legal acts regulating Russian audit and accounting, and provide the auditor’s opinion to KPMG Baltics UAB on the financial statement package to be submitted the parent company of the company for the purposes of consolidation.

1.3.To provide for the possibility for the General Meeting of Shareholder at Baltlitstroj OOO located in Kaliningrad Region, Russian Federation, and belonging to Panevėžio statybos trestas AB Group, at its own discretion to select audit companies to carry out the audit following the legal acts regulating Russian audit and accounting, followed by the review/audit of the financial statements for the purposes of consolidation to be carried out by KPMG Baltics UAB. In that case the amounts specified in item 1.1. hereinabove shall be correspondingly changed to 144,000 (one hundred forty four thousand) Litas, VAT excluded, and 113,500 (one hundred thirteen thousand five hundred) Litas, VAT excluded.

1.4.Dalius Gesevičius, the Managing Director of Panevėžio statybos trestas AB, has been delegated:

   1.4.1.To sign the contract for audit carrying out with KPMG Baltics UAB upon a written consent by Artūras Bučas, the Board Member of Panevėžio statybos trestas AB;

   1.4.2.To initiate the General Meetings of the Shareholders at the companies of Panevėžio statybos trestas AB Group and by means of participation at the meetings thereof to ensure selection of the relevant audit company, and that these companies and their subsidiary companies follow the procedure defined in item 1.5. hereinbelow.

1.5.The contract with KPMG Baltics UAB for the provision of the audit/review services at the subsidiary companies of Panevėžio statybos trestas AB and the subsidiary companies of these companies shall be signed by the Directors of the companies thereof upon a written consent by Artūras Bučas, the Board Member of Panevėžio statybos trestas AB. The copies of the contracts and audit reports shall be provided to the parent company within seven days from their signature.

For more information contact:

Dalius Gesevičius

Managing Director

Panevėžio statybos trestas AB

Phone: (+370 45) 505 503