SNAIGE

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



On 23 March 2002, a general shareholders’ meeting took place. At the meeting:

1) report on the company’s performance in 2001 was approved;

2) annual financial statements were approved;

3) appropriation  of profit of 2001 was approved. In total, LTL 2,676,167 was

allotted for payment of dividends (LTL 1.74 per share). Dividends will be paid

in the manner established by laws at the company’s till or by transferring the

money into the shareholder’s personal bank account (having submitted an

application).

4) Authorize the Management Board to pass decisions regarding transfer,

mortgage, and rent of the company’s long-term assets, the total book value of

which is more than 1/20 of the authorized capital;

5) Decision to reduce the company’s authorized capital adopted at the general

shareholders’ meeting, held on 19 October 2001, was revoked;

6) Decision to acquire the company’s shares adopted at the general

shareholders’ meeting, held on 19October 2001, remained valid; the reserve for

acquisition of own shares was increased by LTL 400,000.

7) The list of the company’s activities was supplemented.





Irena Stočkūnaitė

Head of the budget division

8 235 56229