Lifosa AB

Company event



Decisions of the General Meeting of Shareholders



On November 3, 2004 at 9.00 a.m. an extraordinary general meeting of

shareholders took place.

The meeting decided:

1. To accept the resignation of Aryan van den Blink, a member of the Board, and

elect Aleksandr Tugolukov, Technical Director of the Russian company EuroChem,

as a new member.

2. To increase the authorized capital of the public company Lifosa from LTL 97

893 900 (ninety seven million, eight hundred and ninety three thousand, nine

hundred) to LTL 210 205 640 (two hundred and ten million, two hundred and five

thousand, six hundred and forty), by issuing 11 231 174 (eleven million, two

hundred and thirty one thousand, one hundred and seventy four) ordinary

registered LTL10 nominal value shares.

3. To revoke the pre-emptive right of all the shareholders of Lifosa AB to

subscribe for shares of the company. To offer Boundary Layer Limited, creditor

of the company, to acquire the total issue of 11 231 174 shares.

4. To approve amendments to the Articles of Association of the public company

Lifosa.





Regvita Ivanoviene

Finance Director

(+370 347) 66 331