OREANDA-NEWS. By the initiative and resolution of the Board of AB Žemaitijos pienas an Extraordinary General Meeting of Shareholders of AB Žemaitijos pienas (registered office at Sedos str. 35, Telšiai, company code 180240752), is convened on 19 September 2014.

Venue - Meeting room of AB Žemaitijos pienas located at Sedos str. 35, Telšiai.

Time - 3 p.m. (Registration starts at 2.30 p.m.).

The date of identification - 15 September 2014 (the right to attend and vote at the General Meeting of Shareholders is entitled only to those persons who are shareholders of the Company as of the end of the said identification date, or their authorized representatives, or the persons with whom an agreement on the disposal of the voting rights is concluded).

The proposed Meeting agenda and draft resolution:

1. Regarding appointment of an auditor and determination of the fee for audit services.

“To appoint UAB Grant Thorton Rimess as the auditor of financial statements for 2014 and 2015 of AB Žemaitijos pienas and to determine a fee for the services not exceeding the cost proposed in the commercial offer of UAB Grant Thorton Rimess.”

The Company shall not enable participating and voting at the Meeting by electronic means of communication.

Shareholders who hold shares carrying at least 1/20 of all votes, as well as other persons specified by law may propose annexes to issues on the agenda, by providing a draft resolution of the General Meeting to every proposed additional issue, or in case no resolution is required - an explanation. The proposals to annex the agenda shall be submitted in writing.

The proposals to annex the agenda with the additional issues may be submitted following the terms of the Law on Companies of the Republic of Lithuania.

The shareholders have the right to submit the questions related to the Meeting agenda beforehand. The shareholders may submit the questions by e-mail not later than 3 working days before the Meeting. The Company shall answer the questions submitted by e-mail before the Meeting. In case the relevant information is posted on the Company's website - http://www.zpienas.lt, the Company shall not provide the shareholder with a personal reply.

During the registration to attend the Meeting, the shareholders or their authorized representatives shall present a document confirming personal identity. The authorized representatives must provide powers of attorney duly endorsed as provided by the law. A power of attorney issued by a natural person must be notarized. A power of attorney issued in a foreign state must be translated into Lithuanian and legalized as provided by the law. The representative may be authorized by more than one shareholder and vote differently under the orders of each shareholder. The form of the power of attorney is not specified by the Company.

Shareholder, holding shares in the Company in his own name, but for the benefit of other persons, before voting at the General Meeting, shall disclose the identity of the final customer, the number of shares that are put to the vote and the content of the voting instructions submitted to him or any other explanation regarding the participation agreed upon with the customer and voting at the General Meeting. Because of votes carried by this part of shares, a shareholder may vote differently from the rest of votes attached to the shares.

The shareholders are also entitled with other rights and obligations as provided in the Law on Companies of the Republic of Lithuania and / or other legislation.