KAUNO ENERGIJA

MATERIAL EVENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING



(Unofficial Translation Done at the NSEL)



The Annual General Meeting of Kauno Energija AB shareholders,

held on 30 April 2004, resolved to:  

1. Approve the company’s Annual Report 2003;

2. Approve the annual accounts for 2003;

3. Approve the company’s profit (loss) appropriation for 2003;

4. Approve the new wording of the Articles of Association of Kauno Energija AB;

5. Authorise Director General of Kauno Energija AB to sign the new wording of

the company’s Articles of Association;

6. Remove the Supervisory Board members upon expiration of the term;

7. Approve the following composition of the Supervisory Board: Giedrius Donatas

Asmys, Tautvydas Barstys, Gediminas Budnikas, Ramunas Garbaravicius, Anicetas

Ignotas, Kestutis Mikenas, Aloyzas Zairys;

8. Authorise the Board of the company to organize a tender for lease of the

assets attributed to the Petrasiunai power station.





J. Sereikiene

Head of the Asset Management Department

(+370- 37) 305664