In clarification of the announcement dated 29 January 2026 regarding the meeting of Bondholders of emission of the bonds issuance with ISIN code LT0000134256 (hereinafter referred to as the “Bonds”) is hereby convened on February 23, 2026, at 10:00 AM, at the initiative of the Trustee and UAB VLI Timber (legal entity code 302440414, registered office address in Gražiavietės g. 5, Kurklių II k., Anykščių r., Republic of Lithuania) (hereinafter referred to as the “Issuer”), pursuant to the decision of the Trustee (hereinafter referred to as the “Meeting”), the Trustee hereby provides the following information regarding the upcoming bondholders’ meeting.
The Meeting date – February 23, 2026.
The Meeting will commence at 10:00 AM (Vilnius time).
The Meeting will be held remotely via Zoom. Click here for the link to join the Meeting or visit https://zoom.us/join , meeting ID: 847 7665 3952, passcode: 323215.
Registration of the participants of the Meeting begin at 9.30 a.m. and ends at 9:55 a.m.
The record date – February 17, 2026.
Following the publication of the notice of the Meeting, a request was received from the Issuer dated 18 February 2026 to clarify Item 1.2 of the resolution of the Meeting of Bondholders of 23 February 2026 and to set it out as follows:
1.2. To amend Section 7.10 of the Information Document and the related definitions in the Information Document so that:
(a) the pledge securing the due and timely payment, discharge and performance of all obligations of the Issuer related to the Bonds shall be granted in favour of the Trustee (acting on behalf of and for the benefit of the Bondholders) over all shares in the Issuer held, as at the date of adoption of this resolution, by the following shareholders (in total 137,836 shares):
- UAB Lackus Holding (code 307285754, address Gražiavietės g. 5, LT-29236 Kurklių II k., Kurklių sen., Anykščiai district, Lithuania), which holds 100,000 ordinary registered shares of the Company, representing 72.55% of voting rights;
- UAB KNV Development LT (code 305648242, address Turniškių g. 29-1, LT-10104 Vilnius, Lithuania), which holds 31,533 ordinary registered shares of the Company, representing 22.88% of voting rights;
- UAB Plevėsa (code 307142254, address Didžioji g. 39-41, LT-01128 Vilnius, Lithuania), which holds 6,303 ordinary registered shares of the Company, representing 4.57% of voting rights.
(b) the above pledge shall not extend to, and shall not cover, any shares issued by the Issuer to the new investor after the date of adoption of this resolution;
(c) the aggregate proportion of unpledged shares of the Issuer, including shares issued to a new investor, shall at no time exceed 30% of the total issued share capital of the Issuer;
(d) all other provisions relating to the pledge, including its first-ranking status, validity, enforceability, registration and enforcement in favour of the Trustee for the benefit of the Bondholders, shall remain unchanged;
(e) notwithstanding the pledge referred to in paragraph (a) above, the Bondholders consent to the transfer of the Issuer’s shares held by UAB KNV Development LT and UAB Plevėsa to UAB Lackus Holding, provided that such transfer does not result in any reduction of the scope, ranking or effectiveness of the pledge securing the Bonds.
Considering the notice received from the Issuer, an amended general voting ballot for advance voting at the Meeting is hereby attached as Annex No. 1 and made available on the Trustee’s website at https://www.audifina.lt/en/bonds/.
Bondholders who voted in advance on the Meeting agenda items prior to the date of this notice have the right to repeat their vote using the attached revised voting ballot, which reflects the amended draft resolution proposed by the Issuer. Upon receipt of the completed revised ballot, the Trustee shall consider any previously submitted to them advance voting ballot(s) by the Bondholder for the Meeting as invalid and shall determine the Bondholder’s voting intention based on the most recently submitted voting ballot.
This announcement does not amend and/or supplement other information regarding the Meeting as set out in the Trustee’s notice dated 29 January 2026, which remains valid.
Attached: Annex No. 1 – General Voting Ballot.
Annex No. 2 – Link to join the Zoom meeting.
On behalf of UAB „AUDIFINA“
Laurynas Totoraitis
Contacts at VLI Timber:
CEO Darius Lackus, darius@vli.lt
COO Žygimantas Lackus, zygimantas@vli.lt