PIENO ZVAIGZDES

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 12 March 2001, a general shareholders’ meeting took place. At the meeting

it was decided:

1) allot LTL 900,509 for payment of dividends for 2000. Dividends of LTL 0.02

will be paid per one ORS at LTL 1 par and a share of agricultural producers;

2) elect "Deloite & Touche" the company’s auditor for a  period of two years;

3) increase the company’s authorised capital out of additional contributions

from LTL 45,025,451 to LTL 54,030,451 by issuing 9,005,000 ORS at LTL 1 par

and establish that all shareholders will not be granted the pre-emptive right

to acquire shares of this issue. The issue price is not less than LTL 2.00.

The company’s Board is authorised to select investors, establish terms of

subscription for and payment of shares, issue price of shares, and any other

issues related to this share issue.

4) amend Articles of Association due to the increase of the authorised capital

to LTL 54030451 and to the increase of the number of Board members (from 9 to

10).





Ramutė Plaušinienė

Chief financier

8 (293) 67040