Resolutions of the General Meeting of Shareholders

The General Meeting of shareholders of Snaige AB was held on 30 April 2018.

At the meeting was made following resolutions:

 THE AGENDA QUESTION: Consolidated Consolidated annual report of "Snaige” AB on the company’s activity for 2017 with information about the Company strategy and its implementation.

In the meeting taken for information the the consolidated annual report of "Snaige” AB on the company’s activity for 2017 with information about the Company strategy and its implementation.

2.             THE AGENDA QUESTION: Auditor’s conclusion on the company’s financial statements for 2017.

In the meeting taken for information with the auditor’s conclusion on the company’s financial statements for 2017.

3.             THE AGENDA QUESTION:  Approval of the set of financial statements of the company for 2017.

THE DECISION: The set of financial statements of the company for 2017 has been approved

4.             THE AGENDA QUESTION:  Approval of distribution of profit (loss) of Snaige, AB for 2017.

THE DECISION: The distribution of profit (loss) of Snaige,AB for 2017 has been approved:

5. THE AGENDA QUESTION:  The reduction of  the authorized capital.

THE DECISION: To reduce the authorized capital of the Company from EUR 11,886,718.50 till EUR 8,320,702.95. The authorized capital will be reduced by EUR 3,566,015.55.

The authorized capital is reduced by reducing nominal value of existing shares by 0.09 euro per share. The nominal value of the share after reduction will be 0.21euro per share.

To approve changes of p. 4.1 and p. 5.1 of the articles of association, related to reduction of the authorized capital of AB "Snaige", as follows:

"4.1. The authorized capital of the Company is EUR 8,320,702.95 (eight million three hundred twenty thousand seven hundred two euro and 95 eurocents)."

and

"5.1. The authorized capital of the Company is divided into 39,622,395 (thirty nine million six hundred twenty two thousand three hundred ninety five) shares. The nominal value of one share is 0.21 euro (twenty one eurocent)."

To approve changes of the article of association related with the reduction of the authorized capital and approve the new redaction of the changed articles of association (addition)

6. THE AGENDA QUESTION: The restoration of the revaluation reserve.

THE DECISION: The amount by which is reduced the authorized capital of the Company, i. e. EUR 3,566,015.55 to transfer to revaluation reserve.

7. THE AGENDA QUESTION: The authorization.

THE DECISION: To authorize the General Manager of the Company Gediminas Ceika (with the right to reauthorize) to perform all necessary actions relating to implementation of approved decisions by the ordinary shareholders meeting and to sign changed articles of association.

8. THE AGENDA QUESTION: The restoration of the revaluation reserve.

THE DECISION: To revoke Natalia Tsvetkova and Svetlana Ardentova from AB "Snaige” Board members and for the vacant positions for the term until the end of term of the Company’s Board to elect Mikhail Stukalo; Anna Kovalchuk; Konstantin Kovalchuk

Note:The Board of Snaige AB proposed from the members of Board  to revoke Nataliia Sukhanova, however on 13 of April 2018, Snaige AB has got notification from board member Nataliia Sukhanova (notification signed on 12 of April 2018) about her resignation from the position of the board member of Snaige AB effective from 26 April 2018. This N. Sukhanova notification came in force before the general Snaige AB shareholders meeting.

To authorize the General Manager of the Company (with the right re-authorize) to perform all necessary actions, sign and submit documents related with changed  information to the Register of Juridical persons.

Managing Director
Gediminas Ceika
+370 315 56206

Attachments

• Snaige_Financial Statements_2017
• AB Snaige_Istatai_article of association_2018