OREANDA-NEWS. July 07, 2010. The Board of RST, AB adopted a decision to convoke the Extraordinary General Meeting of Shareholders of RST, AB (company code 110870890 registered office at P. Luksio 5B, LT-08221, Vilnius) and approved the drafts of decisions of the Meeting:

1.Draft decision of the first item of Agenda “Change of the Articles of Association of Rytu Skirstomieji Tinklai, AB”: 

“1.1. To approve the new edition of the Articles of Association of Rytu Skirstomieji Tinklai, AB (included). 

1.2. To authorize the General Manager of Rytu Skirstomieji Tinklai, AB, in terms of applicable law, to sign the new edition of the Articles of Association of the Company and to perform all actions necessary for their registration in the Register of Legal Entities.“

2. Draft decision of the second item of Agenda “Election of the Audit company for the audit of financial reports of Rytu Skirstomieji Tinklai, AB for the year 2010 and set of terms of remuneration for audit services”:

“2.1. To select PricewaterhouseCoopers, UAB as the Audit company for the audit of Rytu Skirstomieji Tinklai, AB and consolidated financial reports for the year 2010 and to pay for audit services not more than LTL 73.000 (VAT not included).”

3. Draft Decision of the third item of Agenda “Election of the Member of the Board of Rytu Skirstomieji Tinklai, AB”:

“3.1. To elect [name, surname] as a member of the Board of Rytu Skirstomieji Tinklai, for the term until the end of cadence of the acting Board. 

3.2.To determine, that the elected member of the Board starts his duties just after the Extraordinary General Meeting of Shareholders.“

4. Draft decision of the fourth item of Agenda “Acquisition of non-current assets for a price over LTL 15.000.000”: 

“4.1. To approve the acquisition of the electricity distribution network situated in Visaginas municipality for the Company's ownership for a price not higher than market price, estimated by independent property valuers.”