SANITAS

MATERIAL EVENT



EXPLANATION OF THE AGENDA OF THE GEN. SHAREHOLDERS’ MEETING



Explanation to the agenda issue No.3.5 of the general shareholders’ meeting,

which took place on 19 April 2002:

3.5. The company’s authorized capital was reduced by LTL 2,464,825 in order to

cover the loss recorded in the company’s balance sheet by annulling 492,965

shares. At first, shares acquired by the company will be annulled. Following

the annulment of shares acquired by the company, the number of remaining shares

will be reduced in proportion to the number of shares held by the shareholders.

The planned period of the reduction of the authorized capital is two months

from the day of the general shareholders’ meeting.





Genovaitė Aliulienė

Head of the Authorised Capital

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