LIETUVOS ELEKTRINĖ

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING OF 24 APRIL 2003 (SUPPLEMENTED)



(Unofficial translation done at the NSEL)



The General Meeting of Lietuvos Elektrinė AB convened on 25 March 2003 adopted

the following resolutions:

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

2. Recognition that the financial statements of the company are managed and the

relevant documentation is executed in accordance with the effective laws and

other legal requirements. The company’s financial statements are approved

taking account of the auditor’s report.

3. Approval of the annual statements for 2002: balance sheet,  profit (loss)

account, report on changes of the financial status and an explanatory note.

4. Approval of the company’s profit (loss) distribution allocating for

dividends LTL 8.026 million, i.e. 5.3 cents per share.

5. Authorization of the company’s Managing Director Pranas Noreika to sign

an agreement with the audit firm Auditas UAB for the audit of the company’s

financial statements of 2003.

6. Approval of the statements that the reserves of the company are used to

meet the social and needs of the employees in compliance with the conditions

stipulated in the collective employment agreement.

7. Approval of the company’s  borrowing limit for 2003 equal to LTL 13 million.

Authorization of the company’s Managing Director Pranas Noreika to sign the

loan agreement.





Rolandas Jankauskas

Chief financier

(370 528) 33 743