MAZEIKIU NAFTA

MATERIAL EVENT



DECISIONS OF THE EXTRAORDINARY GENERAL MEETING OF MAZEIKIU NAFTA AB SHAREHOLDERS



The extraordinary general meeting of Mazeikiu Nafta AB shareholders,

held on 21 September 2002, resolved to:

1) revoke all members of the Council of Observers of Mazeikiu Nafta AB;

2) elect the following persons members of the Council of Observers for

a four-year term: Vytautas Arsauskas, Vladas Gagilas, Genovaite Gelezeviciene,

Pavel Petrovic Ivlev, Michail Vladimirovic Jelfimov, Vladimir Nikolajevic

Kasterin, Bruce Kelven Misamore, Lord David Anthony Llewellyn Owen, and

Oleg Vladimirovic Seiko, who were proposed by persons who have the right

to propose candidates to the Council of Observers of Mazeikiu Nafta AB;

3) allow members of the Council of Observers of Mazeikiu Nafta AB be members

of Council of Observers or Managemen Boards as well as heads of administration

of other companies.





Tadas Augustauskas

Head of the communications service

293-92608