LIETUVOS ELEKTRINĖ

MATERIAL EVENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS



(Unofficial Translation Done at the NSEL)



On 28 April 2004, the Annual General Meeting of Lietuvos Elektrine AB

shareholders was held.

The meeting has resolved to:

1. Take into consideration the auditor’s conclusion and statement when

approving the company’s Annual Report 2003 and the annual accounts.

2. Approve the company’s Annual Report 2003.

3. Approve the company’s annual accounts for 2003.

4. Approve the company’s profit appropriation for 2003. It was resolved to

allocate LTL  7,275,613 for payment of dividend.

5.   Approve the new wording of the company’s Articles of Association.

6. Remove Faustas Juska and Rimantas Cicėnas from the Supervisory Board of the

company.

7. Elect Nijole Bujauskiene and Marija Siniavska to the Supervisory Board of

the company.

8. Elect the firm of auditors, Deloitte & Touche UAB, to perform audit of the

annual accounts for 2004 and 2005; approve the conditions of payment for audit

services.





Rolandas Jankauskas

Chief Financier

(+370-528) 33 743