ALYTAUS TEKSTILE

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING



(Unofficial translation done at the NSEL)



The repeat General Meeting was held on 6 May 2003 and adopted the following

resolutions:

1) approve the Board’s report on the company’s activity in 2002;

2) approve the audit conclusions;

3) approve the conclusions of the company’s Supervisory Board;

4) approve the company’s annual financial statements for 2002;

5) approve the company’s profit (loss) distribution report for 2002;

6) permit to pledge with the banks for loans and with other creditors the

company’s long-term assets with a value of 54.1 percent of the authorized

capital;

7) permit sale of the company’s long-term assets which are not being used;

8) recall all the Supervisor Board;

9) elect 5 new members of the Supervisory Board;

10) approve the new version of the company’s Articles of Association;

11) resolution not to increase the company’s authorized capital.





Edgaras Kateiva

Finance Director

(370 315) 57334