INVALDA

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING



On 25 April 2002, a general meeting of the holding company Invalda shareholders

took place (register code 2130434, 3 Seimyniskiu St., in Vilnius). Having heard

the report of the Management Board on the performance of the company in 2001

and the conclusion of the audit company UAB Auditas, the shareholders’ meeting

approved the report on the performance in 2001, approved transactions concluded

by the company, financial statements, and profit appropriation. The general

shareholders’ meeting decided not to pay dividends for the year 2001.

The general shareholders’ meeting elected the audit company UAB Auditas to

conduct the audit in 2002 ad established the remuneration.

The meeting approved amendments to the Articles of Association; reduced the

number of Board members from four to three, and established that announcements

about convocation of a general shareholders’ meeting and notices to

shareholders and other interested persons are to e announced in the dailies

Lietuvos Rytas and Verslo Zinios. The meeting adopted decisions regarding sale

of the company’s long-term assets.





Alvydas Banys

Vice President

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