Pieno Zvaigzdes

AGM Information • Apr 27, 2017

AB "Pieno Zvaigzdes" Address: Perkunkiemio 3, LT-12127 Vilnius, Lithuania Company No.: 124665536, VAT No.: LT 246655314 Data kept at the Registrar of Legal Entities

Resolutions of Annual General Shareholders' Meeting of Pieno Zvaigzdes AB

Annual Meeting of Shareholders of Pieno Zvaigzdes AB took place on 27 April 2017.

Resolutions

No	Resolutions
1.	Annual Report
	Listened.
2.	Audit Committee report and Audit report on the company's financial accounts and the
	Annual Report
	Listened.
3.	Approval of audited financial statements 2016
	Approve Company's audited financial statements 2016
4.	Company's profit distribution
	Approve profit distribution (attached).
5.	Election of Audit company
	Elect KPMG Baltics as an auditor for the next two years (2017 – 2018) and set EUR 29.000
	(VAT exclusive) remuneration for the each financial year. Company's CEO is authorized to sign audit agreement.
6.	Election of the Audit Committee members
	Elect members to the Audit Committee for the next year:
	Jūratė Zarankienė (independent member, chairman of the committee);
	Danutė Kairevičienė (member of the committee).

Profit distribution

Items	Amount (in Euro)
Profit brought forward from the end of previous year	3 894 935
Financial year profit (loss)	1 800 518
Transfers from reserves	560 000
Profit to be appropriated	6 255 453
Appropriation of profit:
– dividends *	4 062 098
– management board bonus	280 000
– to social activities reserve	350 000
Profit (loss) to be carried forward at the end of the financial year	1 563 355

* 0,09 EUR per share.