Meeting of 28 October 2015

Resolutions
 

1.  Regarding election of auditor to carry out of the audit of the annual financial statements and setting conditions of payment for audit services.
 
To conclude an agreement with UAB PricewaterhouseCoopers (code - 111473315) to carry out of the audit of the annual financial statements of the public joint stock company INVL Baltic Farmland for 2015, 2016 and 2017 financial years and establish the payment in amount of EUR 6,000 for audit of annual financial statements of each calendar year (VAT will be calculated and payed additionally in accordance with order established in legal acts). To authorize the Company‘s Manager to set other terms of audit services agreement (including payment for additional services).
 
2.  Regarding the registered office address of the public joint stock company INVL Baltic Farmland
To change the registered office address of the public joint stock company INVL Baltic Farmland and to register the office at municipality of Vilnius, Vilnius city, Gyneju str. 14.
 
3.  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, the minimal one share acquisition price - EUR 2.87.
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.
 
The Board of the public joint stock company INVL Baltic Farmland is delegated on the basis of this resolution and the Law on companies of the Republic of Lithuania to organize purchase and sale of own shares, to organize purchase and selling procedure own shares and to determine an order and timing for purchase and sale of own shares as well as the amount of shares and shares price, and to complete all other actions related with purchase and sale procedure of own shares.