Litgrid AB

Proxy Solicitation & Information Statement • Jul 25, 2022

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author: Tomas Šumskas
date: 2022-03-25 13:13:00+00:00

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GENERAL BALLOT PAPER OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF 16 AUGUST 2022

SHAREHOLDER’S DETAILS

Please provide data about the voting shareholder in the table below:

VOTING ON PROCEDURAL ITEMS

Please tick your vote in the table below: “FOR” or “AGAINST”.

VOTING ON AGENDA ITEMS

Please tick your vote in the table below: “FOR” or “AGAINST”. [When electing the members of the Board, please enter the number of votes cast in the row of the candidate whom you vote for, in the right column of the table.]

By signing this ballot paper, the shareholder also confirms proper and timely provision of information on the convened General Meeting of Shareholders of the Company, and that the shareholder has no claims as to the convocation of the General Meeting of Shareholders; the shareholder also confirms that he has been furnished with all information/documents required for voting on each agenda item.

Name, surname/Legal entity name,

representative’s name, surname, position: _______

Signature and date of signing: _______

Title, date and number of the document

granting the right to vote

(if the ballot paper is signed by person

other than the shareholder’s manager): ________

___ Name, surname

| LITGRID AB
Code 302564383
Registered seat address Karlo Gustavo Emilio Manerheimo g. 8, Vilnius, Lithuania
Data on the company are collected and stored in the Register of Legal Entities
(hereinafter referred to as the ‘Company’) |
| --- |

| Shareholder’s name, surname (legal entity name):
| Shareholder’s personal number (legal entity code):
|
| --- | --- |
| Number of shares held by the shareholder:
| Number of shares held by the shareholder:
|

Seq. No.	Procedural item	Voting	Voting
	To elect the following person as the chair of the General Meeting of Shareholders:	FOR	AGAINST
	To elect the following person as the secretary of the General Meeting of Shareholders:	FOR	AGAINST
	To elect the following person as a person responsible for carrying out of actions specified in Article 22(2) and (3) of the Republic of Lithuania Law on Companies:	FOR	AGAINST

Seq. No.	Agenda item	Proposed draft decisions	Voting	Voting
1 1.	Regarding approval of LITGRID AB Board’s decision of 22 July 2022 (minutes No. 16)	Approve to amend the material conditions of the contract “No 21VP-SUT-220 for design and work of reconstruction of the 330 kV air line Darbėnai - Bitėnai (LN 330) with AB „Kauno tiltai“ (legal entity code 133729589) ir UAB „LITENERGOSERVIS“ (legal entity code 302244515),
The Contract price – the amount of 7 727 226,02EUR, exclusive of VAT, is allocated additionally for the performance of the Contract; the total Contract price is 54 657 226,02 EUR, exclusive of VAT.
3.4. point of Pricing rules is laid down as follows:

"If the value of the price index of construction cost elements published by the Statistics Department of the Republic of Lithuania (www.stat.gov.lt) "All construction costs" (hereinafter - the Index) within 6 months or longer, which is calculated from the conclusion of the Agreement (or from the last price of the Agreement recalculation due to a change in the Index, if the Contract price was recalculated), changed by 5% or more, the Contract price may be recalculated at the initiative of any of the Parties. The recalculation of the contract price is not based on the Index published by the Statistics Department of the Republic of Lithuania, but on individual materials and products ("concrete and reinforced concrete products", "concrete and mixtures", "electrotechnical materials", "metal products", "pipes"), "machines and mechanisms labour', 'wages and overheads' indices' (hereinafter - Conversion indices)."

3.8. point of Pricing rules is laid down as follows:

"For the first recalculation of the Contract price, it is used the month of the Contract conclusion, i.e. in 2021 November, conversion indices. In case of subsequent recalculations, the value of the Index at the beginning of the period shall be as it was the value of the Index at the end of the period (as specified in the Agreement)."
| FOR | AGAINST |
| 1 1. | Regarding approval of LITGRID AB Board’s decision of 22 July 2022 (minutes No. 16) | To authorise the CEO of LITGRID AB to make decision, without a separate decision of the Board of LITGRID AB, regarding the change of the essential condition of the Contract - the Contract price - by reducing the price without any restrictions or by increasing the price by entering into agreements on the acquisition of additional works and/or on a reasonable increase in the prices of materials/equipment, if the total amount of all agreements on the prices of additional work does not exceed 10% (that is, 5 465 722,6 EUR, exclusive of VAT) of the original Contract price.
| FOR | AGAINST |
| 1 1. | Regarding approval of LITGRID AB Board’s decision of 22 July 2022 (minutes No. 16) | To oblige the CEO of LITGRID AB to inform the Board, before making such a decision, by e-mail of the decisions made in Point II. of this Decision regarding the amendment of the material condition of the Contract.
| FOR | AGAINST |