Resolutions of Repeated Annual General Meeting of Shareholders

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| Source: Linas
multilang-release

Panevezys, Lithuania, 2014-05-19 13:40 CEST (GLOBE NEWSWIRE) -- Resolutions of AB “Linas” Repeated Annual General Meeting of Shareholders dated May 19, 2014:

1. Attention is paid to the auditor’s conclusions confirming AB “Linas” consolidated and Company’s financial reports set of year 2013 and to agree to Company’s consolidated annual report of year 2013.

2. AB “Linas” consolidated and Company’s annual financial reports set is confirmed and it was agreed to consolidated annual report of year 2013.

3. AB “Linas” profit (losses) allocation of year 2013 is confirmed:

1) retained profit of the previous financial year at the end of the accounting year – 228.547 Lt (66.192 EUR);

2) net losses of the accounting year  2.978.280 Lt (862.570 EUR);

3) profit (losses) of the accounting financial year unrecognized in the statement of comprehensive income - 0 Lt (0 EUR);

4) transfers from mandatory reserve  2.403.899 Lt (696.217 EUR);

5) transfers from reserve for business projects 0 Lt (0 EUR);

6) transfers from reserve for the support 0 Lt (0 EUR);

7) transfers from profit for dividend paying  0 Lt (0 EUR);

8) shareholders contributions to cover company’s looses 0 Lt (0 EUR);

9) allocated losses totally 345.834 Lt (100.160 EUR);

10) share of profit set for the mandatory reserve 0 Lt (0 EUR);

11) share of profit set for the reserve for purchase of own shares  0 Lt (0 EUR);

12) share of profit set to other reserves 0 Lt (0 EUR);

13) share of profit set for dividend paying  0 Lt (0 EUR);

14) share of profit set for annual allowances (bonuses) for the members of the board, for the employees premiums and other purposes 0 Lt (0 EUR);

15) retained losses at the end of the financial year transferred to the next financial year 345.834 Lt (100.160 EUR).

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4. The company UAB “Primus auditus” was elected to the position of the auditors of AB “Linas” for year 2014-2016.

         AB “Linas” director
         Martynas Jasinskas
         Tel.: +370 45 506103