Lisco Baltic Service AB

Company event



Resolutions of the General Shareholders’ meeting



The General Shareholders’ Meeting of AB "LISCO BALTIC SERVICE" held on the 27th

of April, 2005 adopted the following resolutions: to approve the Report of the

Board on company’s business activities for the year 2004, to establish the

conditions of payment for audit company’s services in 2004, to approve UAB "KPMG

Lietuva" as the firm of auditors for the year 2005, to approve the auditor’s

report, financial statements and profit distribution for the year 2004 (the

shareholders resolved not to pay dividends for the year 2004), to de-list AB

"LISCO BALTIC SERVICE" securities from the Current list of Vilnius Stock

Exchange, to elect prof. Vytautas Paulauskas as the new member of the Board.

The shareholders also resolved to grant a right to AB “LISCO BALTIC SERVICE” to

acquire, in accordance with the order and conditions established by the laws of

the Republic of Lithuania, its own shares from the shareholders desiring to sell

their shares. The purpose of acquiring the shares is to protect the financial

interests of the small shareholders of the Company. Such acquisition shall be

implemented by the administration of the Company subject to the instructions of

the Board.  Permitted maximum amount of shares to be acquired including those

already acquired and held by the Company – not more than 1/10 of the authorized

capital of the Company. The time limit during which the Company may acquire its

shares – 18 months from the date this decision is adopted. The Company may

acquire its shares as long as the company’s securities are included in the

Current or the Official list of Vilnius Stock Exchange but not longer than

within 18 months from the date when this decision has been adopted. Minimal

price per one registered share with par value of 1 litas is 20% lower than the

weighted average market price of these company shares at Vilnius Stock Exchange

during the calendar month preceding the calendar week in which the share

purchase transaction is entered into. Maximal price per one registered share

with par value of 1 litas is 20% higher than the weighted average market price

of these company shares at Vilnius Stock Exchange during the calendar month

preceding the calendar week in which the share purchase transaction is entered

into. The company may sell own shares at Vilnius Stock Exchange by ensuring

equal opportunities for all shareholders to acquire the shares of the company.

Minimal price of the shares being sold should not be lower than the weighted

average market price of these company shares at Vilnius Stock Exchange during

the calendar month preceding the calendar week in which the share purchase

transaction is entered into.





Jonas Nazarovas

Chief financial officer

+370(46)393 603