Invalda INVL — AGM Information 2011

Apr 8, 2011

Draft resolutions of the General Shareholders Meeting of Invalda AB

Draft resolutions of the General Shareholders Meeting of Invalda AB

Vilnius, Lithuania, 2011-04-08 20:50 CEST (GLOBE NEWSWIRE) -- The Management
Board of Invalda AB approved the draft resolutions of the Ordinary General
Shareholders meeting to be held on 29 April, 2011:

1. Auditor‘s report.
   There is no voting on this issue of agenda. It is proposed to get acquainted
   with Company‘s auditor‘s report

2. Consolidated annual report for 2010.
   There is no voting on this issue of agenda. It is proposed to get acquainted
   with Company‘s consolidated annual report for 2010

3. Approval of Company's and consolidated financial statements for 2010.
   To approve Company's and consolidated financial statements for 2010.

4. Distribution of Company's profit (loss) of 2010.
   To approve distribution of Company's profit (loss) of 2010:
   1) Retained earnings (loss) at the end of the last financial year: 0 LTL (0
   EUR);
   2) Net profit (loss) for the financial year: -10 471 004 LTL (-3 032 612 EUR)
   3) Profit (loss) not recognized in the income statement of the reporting
   financial year: 0 LTL (0 EUR);
   4) Transfers from reserves: 10 471 004 LTL (3 032 612 EUR)

5. from the reserves for own shares acquisition: 0 LTL (0 EUR);
6. from the legal reserves: 0 LTL (0 EUR);

7. from the share premium: 10 471 004 LTL (3 032 612 EUR)
   5) Shareholders contributions to cover loss: 0 LTL (0 EUR);
   6) Distributable profit (loss) in total: 0 LTL (0 EUR);
   7) Profit transfers to the legal reserves: 0 LTL (0 EUR);
   8) Profit transfers to the reserves for own shares acquisition: 0 LTL (0 EUR);
   9) Profit transfers to other reserves: 0 LTL (0 EUR);
   10) Profit to be paid as dividends: 0 LTL (0 EUR);
   11) Profit to be paid as annual payments (bonus) to Management Board members,
   employees and for other purposes: 0 LTL (0 EUR);
   12) Retained earnings (loss) at the end of the financial year carried forward
   to the next financial year: 0 LTL (0 EUR).

8. Election of independent Audit Committee member of Invalda AB.
   To elect Mr. Vaidas Savukynas as independent Audit Committee member of Invalda
   AB until the term of office of the Audit Committee.

9. Approval of the regulations of the formation and activity of the Audit
   Committee of Invalda AB.
   To approve new wording of the regulations of the formation and activity of the
   Audit Committee of Invalda AB.

10. Approval of the remuneration for the Audit Committee members.
    For a work in the Audit Committee of Invalda, to fix a rate not higher than 500
    Litas per hour. To delegate to the Board of the Company to determine the
    remuneration payment procedure for the Audit Committee members.

     Kristina Gudauskaite
     Assistant to president
     Tel. + 370 5 2752776
     kristina@invalda.lt
    

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