Item One 1. CONSIDERED. Annual report to the shareholders. The speaker, General Director of the company Irena Keblerienė, read the annual report for 2006 to the shareholders. RESOLVED: To approve of the annual report 2006. Votes: “for” ______, “against______, “abstained” ______ Item Two 2. CONSIDERED. Company auditor's opinion. The speaker, General Director of the company Irena Keblerienė, read out the independent auditor's opinion for AB Kauno Tiekimas shareholders. RESOLVED: The speaker, General Director of the company Irena Keblerienė, read out the independent auditor's opinion on the audit of the financial accounting of the company for 2006 and the annual report. Votes: “for” ______, “against______, “abstained” ______ Item Three 3. CONSIDERED. Approval of the financial statements of the company for 2006. The speaker, the Chief Accountant Danutė Skučienė, provided and read the financial accounting documents for 2006. RESOLVED: To approve the financial statements of the company for 2006. Votes: “for” ______, “against______, “abstained” ______ Item Four 4. CONSIDERED. Distribution of profit (loss). The speaker, General Director of the company Irena Keblerienė, suggested the shareholders to approve the distribution of company's profit (loss) proposed by the Board and to approve of the Board proposal to pay no dividends to the shareholders for 2006: 4.1. profit (loss) brought forward at the beginning of the reporting year LTL5,071,562 4.2. Net profit (loss) of the current year LTL472,066 Including unrealized gain LTL3,751,484 4.3. Profit for the financial year unrecognised in the Profit and Loss Account N/A 4.4. Transfers from reserves LTL90,922 Including allowances LTL40,054 Undistributable reserve LTL50,868 4.5. Shareholder contributions to cover losses N/A 4.6. Total distributable profit (loss): LTL5,634,550 Including unrealized gain LTL3,751,484 4.7. Profit share distributed to statutory reserves LTL23,603 4.8. Profit share distributed to reserve for the acquisition of owns shares N/A 4.9. Profit share distributed to other reserves, including the planed warehouse renovation LTL400,000 4.10. Profit share for paying out dividends N/A 4.11. Profit share for annual bonuses for the board members, employee bonuses and other purposes LTL94,000 4.12. Undistributed profit (loss) at the end of the reporting financial year brought forward to the following financial year LTL5,116,947 RESOLVED: To approve the above distribution of profit (loss). To pay no dividends to the shareholders for 2006. Votes: “for” ______, “against______, “abstained” ______ Item Five 5. CONSIDERED. Elections of the audit firm and establishment of payment terms for the auditing services. The speaker, General Director of the company Irena Keblerienė, informed the shareholders that the company has received Decision of the Lithuanian Securities Commission No 2K-60 of 1 February 2007, which approves of audit firm UAB Auditorių Biuras as an acceptable candidate to audit AB Kauno Tiekimas financial accounting for 2007-2008 and auditor Roma Račienė as an acceptable candidate to audit AB Kauno Tiekimas financial accounting for 2007. The Board proposes to elect audit firm UAB Auditorių Biuras the auditor of the company for a period of two years and to pay LTL30,000 (thirty thousand) plus VAT per year for the auditing services. RESOLVED. To elect audit firm UAB Auditorių Biuras the auditor of the company for a period of two years to audit AB Kauno Tiekimas financial accounting for 2007-200 Išrinkti dvejiems metams audito įmonę UAB „Auditorių biuras“ atlikti 2007 -2008 and to pay LTL30,000 (thirty thousand) plus VAT per year for the auditing services. Votes: “for” ______, “against______, “abstained” ______ Item Six 6. CONSIDERED. Elections of the company Board members Speaker Igor Gončaruk, Chairman of the Board. The Board, which was working for a period of four years, was elected on 9 April 2003 and its term ends in April 2007. The following candidates are proposed to the shareholders to serve as the members of a collegiate body, i.e. the Board: Igor Gončaruk, Irena Keblerienė, and Nijolė Varanavičienė. The following information on each of the candidates is provided to help the shareholders make up their minds before voting: 1. Igor Gončaruk: Employed by the company since 1992. Open-ended employment contract; job position: CEO. Holds 65,994 shares or 0.65% of AB Kauno Tiekimas authorised capital. University education. Does not have any positions in other companies. Elected a Board Member and the chairman of the Board since 1999. Has relevant professional experience and qualifications to discharge his duties. Takes part in various refresher programs related to the work in the collegiate body and the direct functions. 2. Irena Keblerienė: General Director. Employed by the company since 1993. Open-ended employment contract. University education. Has no shareholding in the Company. Does not have any positions in other companies or any shareholdings of other companies exceeding 5 percent. Elected a Board Member since 1999. Has relevant work experience, qualifications, and professional qualities to discharge her duties in both the collegial body and the position of the head of the company. Regularly takes part in various refresher programs, does a lot of self study. 3. Nijolė Varanavičienė: Not employed by the company. Has no shareholding in the Company. Has received no reimbursements from the company. University education. Elected a Board Member since 1999. Well acquainted with the particulars of the company activities. Has relevant experience and qualifications. Professionally discharges her duties of a Board Member. All the Board members are responsible for strategic management and they discharge other key functions of corporate governance. The number of the Board members satisfies the present scope and the main fields of the company activities. RESOLVED: To elect Igor Gončaruk, Irena Keblerienė, and Nijolė Varanavičienė company Board members for a period of four years. Votes: “for” ______, “against______, “abstained” ______