SNAIGE

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS' MEETING



On 24 March, 2000 a general meeting of shareholders took place. At the meeting

the following decisions were adopted.

1. Report of the Board on economic activity was approved;

2. Report of the auditor was heard;

3. The company’s financial statements of 1999 were approved;

4. Distribution of profit of 1999 was approved. It was decided to allocate a

LTL 0.36 dividend per share;

5. Martynas Česnavičius, the Supervisory Board member representing MOLLER

INVEST AS that holds 7.11 per cent of Snaigė shares, was elected instead of a

resigned member of the Supervisory Board;

6. Company’s Articles of Association were approved. It was decided to

supplement the Articles of Association with the following types of business

activities:

85 12 20 - activity of physicians;

85 14 10 - services of medical personnel that are provided for patients not in

hospitals;

7. Regarding sales, mortgage, and lease of company’s long term assets;

7.1 to authorise the Board of AB Snaigė to adopt decisions without calling a

general shareholders’ meeting:

	regarding lease of long-term assets of up to LTL 3m balance value;

	regarding sales of company’s long-term assets of up to LTL 2.5m balance

 value;

7.2 to approve the decision of the Board of AB Snaigė to mortgage :

long-term assets of residual value of LTL 2,075,297 to AB Hansabank;

long-term assets of residual value of LTL 23,965,580 to AB Vilniaus Bankas;

7.3 to approve the decision of the Board of AB Snaigė to mortgage long-term

assets for the amount of LTL 5,216,367 to AB Vilniaus Bankas instead of stocks,

materials, and ready-made products mortgaged according to loan agreement;

7.4 to authorise the President of AB Snaigė to sign credit, mortgage, lease,

sales agreements and mortgage documents.

8.UAB Arthur Andersen was approved auditor of AB Snaigė for the period of 1

year. Remuneration of LTL 70thou was established.





Lina Semėnaitė

Information specialist

(22) 72 18 58