ALYTAUS TEKSTILE

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 27 April 2000 a general shareholders’ meeting took place. At the meeting,

the following decisions were adopted:

1) report of the Board on company’s economic activity in 1999 was approved;

2) auditor’s report was heard;

3) company’s financial statements for 1999 were approved, the loss accounted

   for LTL 23.8m. Dividends will not be paid;

4) the Supervisory Board was dismissed;

5) the following 5 persons were elected members of the Supervisory Board:

    Mohan K. Vaswani, Sajen Ghanshamd Aswani, and Narinder Kumar G. Aswani  

   (representing 66,1 per cent of shareholders); Jonas Marcinkevicius

   (representing small shareholders, 14.95 per cent), Genovaite Urniežiene

   (representing shares held by the state by right of ownership, 18.95

    per cent);

6) amendments and supplements to the Articles of Association were approved

   pursuant to the Company Law;

7) the auditting company Deloitte and Touche was approved auditor of

   AB Alytaus Tekstlė for the period of 1 year. Annual remuneration of

   LTL 59600 (VAT excluded) was approved.





Lina Semėnaitė

Information specialist

8(22) 72 18 58