Management Board of “Snaigė” by agreement on June 19, 2008 decided to convene the Extraordinary General Meeting of „Snaigė“ AB (code 249664610) shareholders on July 21, 2008 at 10:00 a.m. in the main meeting hall of the company premises at Pramonės str. 6, Alytus. Registration starts at 9:30 a.m. and ends at 9:50 a.m. Shareholders who at the end of the accounting day of the General Meeting of Shareholders, i.e. June 14, 2008, will be on the shareholders' list of the Company, have a right to participate and vote at the General Meeting personally or by proxy, or represented by a person who have an agreement on a transfer of voting rights. Shareholders attending the meeting must provide a personal identification document. Authorized representatives of the shareholders must additionally possess a proxy approved by the procedure prescribed by law. On the agenda: 1) Cancellation of decisions of General Meeting of Shareholders 2) Increase of an authorized capital; 3) Changes in the Company's Statute; 4) Authorization. Proposed projects on the Meeting decisions 1) Cancellation of decisions from General Meeting of Shareholders To cancel all decisions regarding increase of an authorized capital, conducted during Extraordinary General Meeting of Shareholders on June 16, 2008. 2) Increase of an authorized capital To increase the Company‘s authorized share capital by an additional contribution of LTL 4 000 000 (four million litas) from LTL 23 827 365 (twenty-three million, eight hundred and twenty-seven thousand, three hundred and sixty-five litas) to LTL 27 827 365 (twenty-seven million, eight hundred and twenty-seven thousand, three hundred and sixty-five litas), by issuing a new emission of 4 000 000 (four million) common registered shares with a nominal share value of LTL 1 (one litas). A price of newly issued shares is LTL 2.50 (two litas and fifty cents). Total sum of a new emission equals to LTL 10 000 000 (ten million litas). Shares need to be subscribed and fully paid no later than within 21 (twenty-one) day after confirmation of the prospectus or when a manager of Juridical Persons Register officially bublishes an offer to purchase new shares with a shareholder priority right, depending on which date is later. Shareholders of the Company have a priority right to subscribe to the new shares in a proportion of a nominal value of shares they already own on the date of this Meeting within 14 (fourteen) days after confirmation of the prospectus or when a manager of Juridical Persons Register officially publishes an offer to purchase new shares with a shareholder priority right, depending on which date is later. After this period everyone interested can acquire the newly issued shares of the Company. In the case when not all issued shares are subscribed during the period of a subscription, authorized capital will be increased by an amount equal to the sum of nominal values of subscribed shares. In this case the Company‘s Management Board must change the size of authorized capital and number of shares in the Company‘s Statute and present the Statute to a manager of Juridical Persons Register. If during the period of a subscription more shares are subscribed than the amount to be issued, first of all they will be distributed to the Company‘s shareholders in a proportion to a nominal value of shares, which they own on the date of the Meeting, during which a decision to increase authorized capital by an additional contribution was taken. If there is no shareholder to subscribe for newly issued shares or if all shareholders together subscribe for shares less than the intended amount of shares to be issued, the rest of shares are distributed to other subscribed persons in proportion to subscribed number of shares. 3) Changes in Company‘s Statute To change the Company‘s Statute and confirm its revision. The Statute is changed due to the increase of an authorized capital. 4) Authorization To authorize (with the right of re-authorization) and obligate the Company‘s Managing Director to undersign the revision of the Company‘s Statute and present it to a manager of Juridical Persons Register, if not provided otherwise in this report, as well as carry out all other actions connected with the fulfillment of decisions agreed during this Meeting. Managing director Gediminas Ceika +370-315-56206