ALITA

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING



At the general meeting of AB Alita shareholders, held on 17 April 2003, the

following decisions were adopted:

1) report of the Management Board on the company’s economic and financial

activity in 2002;

2) audit report was approved;

3) financial statements of 2002 were approved;

4) profit (loss) statement was approved: it was decided to pay dividends

 of 0.0299 litas per ordinary registered share of LTL 1 par value.

 Dividends shall be paid in three months;

5) to allow company's Board to make credit agreements with banks

 for morgage loans, with value over 1/20 company's capital. To

 appoint company's Board to assure tax obligations due to excise

tax on goods safekeeping and transportations, warrant to Governmental

 Tax Authority up til 8 mln. LTL.





Audronė Barbuškienė

Economist

(8~315) 57241