STUMBRAS

MATERIAL EVENT



DECISIONS OF A GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



On 20 December 2002 an extraordinary meeting of shareholders of Stumbras SPAB

was held.

It adopted the following decisions:

1. To approve the version of the by-laws of Stumbras SPAB drawn up in

accordance with the Law on Public Companies of the Republic of Lithuania of

13 July 2003 No. VIII-1835.

2. To withdraw A.Damanskis, A.Barauskas, A.Nesteckis, and  V.Kalinauskas from

the positions of the Supervisory Board members of Stumbras SPAB.

3. To compose the Supervisory Board as follows: Raimondas Sedlevičius, head of

the Equity Management Department the state enterprise State Property Fund;

Nijolė Bieliauskienė, specialist of  the Equity Management Department the state

 enterprise State Property Fun; Adolfas Damanskis, head of the plant growing

unit of the Agriculture and Food Department of the Ministry of Agriculture.

4. To permit R.Sedlevičius, a member of the Supervisory Council of  Stumbras

SPAB, be on the Supervisory Council of  public companies Vilniaus Degtinė,

Alita, Anykščių Vynas; and  N.Bieliauskienė, a member of the Supervisory

Council of  Stumbras SPAB, be on the Board of  public company Anykščių Vynas.

5. To withdraw general partnership of company's auditors of audit of the

company’s auditors A.Kabokienė and V.Jakutienė.

6. To chose KPMG Lietuva. Auditas. Apskaita. Konsultacijos UAB as an auditor

of the company’s financial statements of  2002 allocating remuneration for the

audit services not higher than LTL 64 310 (including VAT)  and providing for a

possibility to extent the contract for one year.





S. Stupakovienė

Economic analysis manager

(370 37) 308841