ALYTAUS TEKSTILE

MATERIAL EVENT



DECISIONS ADOPTED AT THE SHAREHOLDERS’ MEETING



At 1 p.m. on 10 December 2001, the extraordinary general shareholders’ meeting

took place. At the meeting it was resolved to:

1) increase the company’s authorised capital by LTL 1,281,417 out of additional

contributions of investors by issuing 1,281,417 ordinary registered shares at

LTL 1 par for private placement.

2) Not grant the pre-emptive right to all shareholders to acquire the newly

issuer shares and grant the right to acquire shares to the shareholder from

Estonia TOLARAM INVESTMENTS.

3) Approve amendments to paragraph 4.2, chapter 4 of the company’s Articles of

Association : the authorised capital equals LTL 85,744,143.

4) Mortgage to the Estonian company BALTEX – 2000 assets which equal 2.01% of

the value of the authorised capital.





Gediminas Banaitis

Finance Director

8 235 77246