Meeting of 22 March 2017

Resolutions
 
1. Presentation of the public joint-stock company INVL Baltic Farmland consolidated annual report.
Shareholders of the public joint-stock company INVL Baltic Farmland are presented with the consolidated annual report of INVL Baltic Farmland (There is no voting on this issue of agenda).

2. Presentation of the independent auditor's report on the financial statements of the public joint-stock company INVL Baltic Farmland.
Shareholders of the public joint-stock company INVL Baltic Farmland are presented with the independent auditor's report on the financial statements of INVL Baltic Farmland (There is no voting on this issue of agenda).

3. On the approval of the consolidated and stand-alone financial statements for 2016 of the public joint-stock company INVL Baltic Farmland.
To approve the consolidated and companies financial statements for 2016 of the public joint-stock company INVL Baltic Farmland

4. Regarding the distribution of the public joint-stock company INVL Baltic Farmland profit.
To distribute the profit of the public joint-stock company INVL Baltic Farmland as follows:
Article (thousand EUR)
Retained earnings (loss) at the beginning of the financial year of the reporting period 4,800
Net profit (loss) for the financial year 1,193
Profit (loss) not recognized in the income statement of the reporting financial year -
Shareholders contributions to cover loss -
Distributable profit (loss) at the end of the financial year of the reporting period 5,993
Transfers from reserves -
Distributable profit (loss) in total 5,993
Profit distribution: (226)
- Profit transfers to the legal reserves -
-Profit transfers to the reserves for own shares acquisition -
- Profit transfers to other reserves -
- Profit to be paid as dividends* (226)
- Profit to be paid as annual payments (bonus) and for other purposes -
Retained earnings (loss) at the end of the financial year 5,767
*0.07 EUR is paid for one share

5. Regarding purchase of own shares of the public joint stock company INVL Baltic Farmland.
Until the day of the General Shareholders meeting the reserve for the purchase of own shares which is equal to EUR 3,079,668.66 is not used.

To use the reserve (or the part of it) for the purchase of own shares and to purchase shares in the public joint stock company INVL Baltic Farmland by the rules mentioned below:
1) The goal for the purchase of own shares - to ensure for shareholders a possibility to sell company's shares.
2) The maximum number of shares to be acquired - the nominal value of own shares by the public joint stock company INVL Baltic Farmland, which may not exceed 1/10 of share.
3) The period during which the public joint stock company INVL Baltic Farmland may purchase its own shares 18 months from the day of this resolution.
4) The maximum and minimal one share acquisition price:  the maximum one share acquisition price- EUR 4.5, the minimal one share acquisition price - EUR 3.16.
5) The conditions of the selling of the purchased shares and minimal purchase price: the acquired own shares may be annulled by the decision of the General Shareholders Meeting or sold by the decision of the Board on condition the minimum price of sale of own shares shall be equal to the price at which they were acquired and the procedure of selling the shares shall ensure equal opportunities for all shareholders to acquire the said shares.

6. Approval of the regulations of the Audit Committee.
To approve the regulations of the Audit Committee of INVL Baltic Farmland, AB (enclosed).
 
7. Regarding election of the Audit Committee members.
To cancel Danutė Kadanaitė and Thomas Bubinas from AB INVL Baltic Farmland audit committee members. To elect Danguolė Pranckėnienė (independent member) and Tomas Bubinas (independent member) to the Audit Committee of INVL Baltic Farmland, AB for the 4 (four) years term of office.
 
8. Regarding approval of the remuneration for the Audit Committee members.
For a work in the Audit Committee of INVL Baltic Farmland, AB, to set a rate not higher than EUR 145 per hour. To delegate to the Board of the Company to determine the remuneration payment procedure for the Audit Committee members.

 
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