APRANGA

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING



On 30 April, a general meeting of APB Apranga shareholders took place. At the

meeting:

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

presented by the Management Board;

2) audit statement was heard;

3) financial  statements of 2001 and profit appropriation was approved. It was

decided not to pay dividends;

4) UAB Mokesciu Ekspertu Biuras was elected the company’s auditor; terms of

remuneration for audit services were approved;

5) A new wording of the Articles of Association was approved;

6) A decision regarding  the company’s rent, transfer mortgage of the company’s

long terms assets as well as securing it as an indemnity or guarantee was

passed;

7) D.J.Mockus, R.Kurlianskis,  R. Paskevicius, I.Simkuniene, R.Perveneckas were

elected members of the Management Board;

8) A decision regarding authorization to sign work contract with the head of

administration was passed.

9) A decision regarding a partial sale of the company’s long term assets was

passed.





Andrius Jovaiša

Finance and economics director

(22) 39 08 04