INVALDA

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



1. On 27 April 2000 a general repeated meeting of the holding company Invalda

(register  code 2130434,  6/2 A. Juozapavičiaus St, Vilnius) shareholders took

place. Having heard reports of A. Rimkus, chairman of the Board, and of

UAB Auditas, auditing company, report of the Board on activity of the holding

company Invalda in 1999 was approved. In addition, Transactions concluded by

thecompany, financial statements, and profit distribution were approved.

Dividends of 3 (three) percent of the share nominal value were announced.

Persons who were the company’s shareholders on 27 April 2000 are entitled to

dividends. UAB Auditas was elected auditting comapny for the year 2000 and

terms of payment for audit services were determined. The meeting decided to

sell shares of some companies.

2. On 26 April 2000, pursuant to the decision of a shareholders meeting of 30

April 1999, shares of UAB Visagino duona were sold. The sold block of shares

makes up 10.02 percent of the authorised capital of KIB Invalda.





Lina Semėnaitė

Information specialist

8-22 72 18 58