SANITAS

MATERIAL EVENT



RESOLUTIONS OF THE SHAREHOLDERS' MEETING AND SUPERVISORY BOARD



The General Shareholders meeting of Sanitas AB held on

11 February 2004 adopted the following resolutions:

1. To approve the procedure for transfer of assets,

rights and obligations of Baltijos finansu vystymo grupe

AB to Sanitas AB and approve the Master Act on Transfer

and Acceptance of assets, rights and obligations of

Baltijos finansu vystymo grupe AB signed on 14 November 2003,

and establish and confirm that all assets, rights and

obligations of Baltijos finansu vystymo grupe AB are

transferred in accordance with the terms and conditions

of the Reorganization Plan under the Master Act of Transfer

and Acceptance, except the assets, rights and obligations

which have to be transferred under the Act on Transfer

and Acceptance of Residual Assets. The residual assets,

rights and obligations of Baltijos finansu vystymo grupe AB

will be handed over to Sanitas AB upon signing the Act of

Transfer and Acceptance of Residual Assets as foreseen in

the Reorganization plan, unless the imperative norms provide

for other terms of transfer of assets, rights and/or obligations

subject to registration.   

2. To adopt the new wording of the Articles of Association

of Sanitas AB. To authorize the General Director of Sanitas AB

to undersign the new wording of Sanitas AB Articles of Association

and to perform all actions in relation to the registration of

the Articles of Association.

3. To remove the Supervisory Board of  Sanitas AB.

4. To elect the following members of Supervisory Board of

Sanitas AB: Darius Sulnis, Dailius Juozapas Miseikis,

Tomas Nausėda and Darius Zaromskis.

	On 11 February 2004 the meeting of the newly elected

Supervisory Board took place. Darius Sulnis was elected as

the Council Chairman and the term of the employment contract

with the company‘s General Director Donatas Jazukevicius was

extended.

	Following the Reorganization Plan on 11 February 2004

the shares of Baltijos finansu vystymo grupe AB owned by

shareholders of Baltijos finansu vystymo grupe AB were changed

into the shares of Sanitas AB.





Ruta Milkuviene

Head of the Legal and general issues department

(37) 20 06 62