04.04.2003, Klaipėdos jūrų krovinių kompanija, VLN

KLAIPEDOS JURU KROVINIU KOMPANIJA

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING



(Unofficial translation done at the NSEL)



1.On 3 April 2003, the General Meeting of Klaipėdos Jūrų Krovinių Kompanija AB

was held and adopted the following resolutions:

1.1.Approve the report of the audit firm on the audit of the company’s activity

in 2002.

1.2. Approve the company’s financial statements for 2002.

1.3.Approve the draft of the company’s 2002 profit (loss) distribution.

1.4.Approve the project of utilization of the current 2003 year’s profit using

the appropriated profit reserve.

1.5.Approve the Board’s report on the company’s economic-financial activity in

2002.

1.6.Appoint Price Waterhouse Coopers UAB as the company’s auditor for 2002 and

2003, paying to it the remuneration sum indicated in the agreement.

1.7. Approve revocation of the Board.

1.8. Elect to the Board: Bronislavas Lubys,  Arūnas Laurinaitis, Geraldas

Statulevičius, Eduardas Plauškas, Benediktas Petrauskas, Vilius Aksinavičius.

1.9.Approve the resolutions adopted by the Board during 2002.

1.10.Grant authorization to the Board during 2003 to buy, sell, use as a

guarantee or utilize otherwise the company’s assets with a total annual value

over 1/20 of the authorized capital.

1.11.Approve the voting results of the company’s General Meeting of 3 April

2003.

2.Br.Lubys elected Chairman of the Board.

3.By a resolution of the Board, the contract with E.Plauška, head of the

administration and Managing Director, was extended.





Gitana Greičiutė

Secretary of the Executive Director

(370 46) 399175