OREANDA-NEWS. April 12, 2010. Public Limited Liability Company Lifosa, Company's code 161110455, registered office at Juodkiskio Street 50, LT-57502 Kedainiai.

This report is submitted to the Lithuanian Securities Commission, Stock Exchange company AB NASDAQ OMX Vilnius, BNS news agency, newspaper "Lietuvos rytas" and published in the company's website http://www.lifosa.com.

Under initiative and the resolution of the Company's Board, dtd. April 7, 2010, Annual General Meeting of Shareholders is convened at Juodkiskio g. 50, Kedainiai, in the Meeting Room of Company's administrative building (1st floor) on April 30, 2010 at 9:00 a.m.

Agenda of the Meeting:

1. Company's Auditor's report.

2. Company's Annual Report for the year 2009.

3. The approval of Annual Financial Statements of the Company for the year 2009.

4. Company's profit appropriation for the year 2009.

5. Selection of the Audit firm and establishement of the terms of remuneration for the audit services.

6. Approval of the Company's board member resignation statement and elections of a new Board Member.

The accounting date of the Meeting - April 23, 2010. Only persons who are the shareholders at the end of the accounting date of the General Meeting, shall be entitled to attend and vote at the meeting.

The shareholders are registered from 8:25 a.m. till 8:50 a.m. They must present a valid identification document and the shareholders' authorized persons – the power of attorney issued and approved in compliance with the existing Laws. Authorized person shall have the same rights at the General Meeting of shareholders as would have its represented shareholder.

Shareholders who are entitled to attend the Annual General Meeting of shareholders shall have the right to authorize natural or legal person by electronic means of communication to attend and vote at the General Meeting on their behalf. This power of attorney shall not be certified by a notary. The power of attorney must include the identification data of both - the authorized person and of the constituent: an individual's name, surname and personal code; code and name of the legal entity.

Power of attorney issued by the means of electronic communications must be signed by the shareholder by electronic signature, developed by a secure signature-creation software the validity of which is approved by a qualified certificate valid in the Republic of Lithuania. The shareholder must notify in writing on the power of attorney given by sending it by an e-mail at info@lifosa.com no later than till April 27, 2010 by the end of a working day (15 hr. 45 min. p.m.). By submitting the notification to the company, the shareholder must specify the Internet address from which the electronic signature verification software of the shareholder can be downloaded free of charge.

Please be advised that it is possible to vote on in writing on the issues of the General Meeting agenda by completing a general ballot paper. When completed general ballot paper is signed by a person who is not a shareholder, the completed general ballot paper must be accompanied by a document confirming the right to vote. Please send the duly completed general ballot papers by an e-mail at info@lifosa.com, by mail or deliver to the Company at Juodkiskio Street 50, Kedainiai no later than till April 27, 2010 by the end of a working day (15 hr. 45 min. p.m.). The Company reserves the right not to include the interim shareholder's vote, if the general ballot paper is not in compliance with the requirements of the Law on Companies of RL specified in Article 30, items 3 and 4, if it is received too late, or filled in so that it is impossible to determine the true will of the shareholder.

The Agenda of the Annual General Meeting of shareholders may be supplemented by the shareholders on their initiative, who own shares carrying no less than 1/20 of total votes. Proposals to supplement the Agenda of the General Meeting of the shareholders may be submitted by e-mail at info@lifosa.com, by mail or delivered to the Company at Juodkiskio Street 50, Kedainiai no later than April 15, 2010. The draft resolutions on proposed solutions have to be submitted together with a proposal to supplement the regular agenda of the meeting, or, when the resolutions are not required, - the explanations on each of the proposed meeting issue.

Shareholders who own shares carrying no less than 1/20 of total votes, have the right at any time before the General Meeting of Shareholders or at the Meeting to propose new draft resolutions on the issues of the Meeting Agenda, as well as to offer candidates to Board members and Audit firm in writing or by e-mail at info@lifosa.com.

Shareholders have the right to submit questions to the Company associated with the Agenda of the Annual General Meeting of Shareholders to be held on April 30,2010. Questions may be submitted by e-mail at info@lifosa.com, by mail or delivered to the Company at Juodkiskio Street 50, Kedainiai no later than on April 26, 2010.

The Company may refuse to answer shareholder questions, if they are linked to the commercial (industrial) secret or confidential information. Whenever possible to determine the identity of the shareholder who raised the question, the company shall inform the shareholder regarding the refusal to provide information.

Since April 9, 2010 the shareholders are welcome at the company's headquarters Juodkiskio Street 50, Kedainiai, or may visit the company's web site (http://www.lifosa.com) and may have access to the Company's documents and other information relating to the Meeting Agenda accordingly: on workdays from 7.30 a.m. till 14.15 p.m.

Mrs. Regvita Ivanoviene, tel. (+370-347) 66331 is empowered to provide with the additional information about the material event.