LIFOSA

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING



On 30 April 2002, a general shareholders’ meeting took place. At the meeting it

was decided to:

1) approve the report of the Management Board on the company’s results of

performance in 2001. It was determined that in 2001 the company suffered

audited loss of LTL 78.4 million (according to the IAS);

2) audit statement was approved;

3) loss appropriation was approved;

4) financial statements for the year 2001 were approved;

5) the issue regarding sale, transfer, pledge, rent, and writing off of the

company’s long term assets was not considered;

6) not to amend the company’s Articles of Association;

7) not to change the company’s work regulation;

8) no other issues were considered.





Mindaugas Gedvilas

Finance Director

8 (237) 66595