VILNIAUS DEGTINE

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING



(Unofficial translation done at the NSEL)



The General Meeting convened on 24 March 2003 adopted the following resolutions:



1. Approval of the company’s activity report for 2002.

2. Hearing of the audit report.

3. Approval of the annual financial statements for 2002, under which the

company’s assets on 31 December 2002 amounted to LTL 42131 thousand, own

capital was LTL 37137 thousand, net profit of the business year was LTL

581 thousand. Approval of the profit distribution allocating LTL 0.02 dividend

per share.

4.Not to consider the issue on the agenda “Authorization of the Board regarding

pledging of the company’s long-term assets by executing loans at the bank"

5. Approval of the procedure of applying social guarantees of Vilniaus Degtinė

AB for the year 2003 and authorization of the Board to solve issues of

incentives and social guarantees in accordance with the indicated provisions.





Raimonda Palionienė

Chief financier

(370 5) 213 3152