Draft Resolutions of Annual General Meeting of Shareholders

Following Paragraph 4 Article 25 of the Law on Companies of the Republic of Lithuania, Panevėžio keliai AB, as the shareholder to whom the shares hold give not less than 1/20 of all votes, hereby proposes draft resolutions on item four of the agenda Distribution of profit (loss) of the Company for the year 2014 and item six of the agenda Election of the member for the Board put on the agenda of the Annual General Meeting of Shareholders of Panevėžio statybos trestas AB to be held on 30 April 2015.

Draft Resolutions of Annual General Meeting of Shareholders of Panevėžio statybos trestas AB:

1. The conclusions of the audit regarding the financial statement and annual report of the Company for the year 2014.

Information heard.

2. The annual report of the Company for the year 2014.

Information heard.

3. Approval of the consolidated statement and a set of individual financial statements of Panevėžio statybos trestas AB for the year 2014.

To approve the consolidated statement and a set of individual financial statements of Panevėžio statybos trestas AB for the year 2014.

4. Distribution of profit (loss) of the Company for the year 2014.

To approve the following distribution of profit (loss) of Panevėžio statybos trestas AB for the year 2014:

1. 1. Undistributed profit (loss) of the previous financial year at the end of the accounting financial year – 108 737 798 Lt (31 492 643 EUR);

          Dividends paid – 0 Lt (0 EUR);

          Net profit (loss) of the accounting financial year – 3 728 807 Lt (1 079 937 EUR);

          Profit (loss) of the accounting financial year unrecognized in profit (loss) statement 551 267 Lt (159 658 EUR);

         Transfers from reserves - 0 Lt (0 EUR);

         Contributions of shareholders to cover the loss of the Company (in case of the shareholder decision to cover all or a part of loss) - 0 Lt (0 EUR);

         Profit (loss) available for distribution in total – 113 017 872 Lt (32 732 238 EUR);

              a part of profit to the required reserve - 0 Lt (0 EUR);

              a part of profit to the reserve for the acquisition of own shares - 0 Lt (0 EUR);

              a part of profit to other reserves - 0 Lt (0 EUR);

              a part of profit for dividend paying  - 3 725 916.48 Lt (1 079 100 EUR);

              a part of profit for annuity (bonuses) for the members of the Board and Supervisory Board, premium pays for employees    and other purposes – 745 761 Lt (215 987 EUR);

        The undistributed profit (loss) at the end of the accounting financial year transferred to the next financial year – 108 546 194.52 Lt (31 437 151 EUR).

1. 2. To allocate 220 577.20 Lt (63 883.57 EUR) from the part of profit for annuity (bonuses) for the members of the Board and Supervisory Board, premium pays for employees and other purposes – 745 761.00 Lt (215 987.31 EUR) to Remigijus Juodviršis, the Chairman of the Board of Panevėžio statybos trestas AB. To obligate Remigijus Juodviršis, the Chairman of the Board, to appropriate the remaining amount of 525 183.80 Lt (152 103.74 EUR) for annuity (bonuses) for the members of the Board and Supervisory Board, premium pays for employees and other purposes to the members of the Board of Panevėžio statybos trestas AB.

        To appropriate dividends in the amount of 0.2278848 Lt (0.066 EUR) for each ordinary share of Panevėžio statybos trestas AB of the par value of 1 Litas. The total amount to be appropriated for dividends is 3 725 916.48 Lt. (1 079 100 EUR).

5. Election of the members for the audit committee.

       To elect the following members to the audit committee:

• Irena Kriaučiūnienė (as an independent member)
• Lina Ragelienė
• Regina Sukarevičienė

6. Election of the member for the Board.

1. 1. To elect Audrius Balčėtis to the Board of Panevėžio statybos trestas AB.

Dalius Gesevičius

Managing Director

Panevėžio statybos trestas AB

Information

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