29.03.2005, Klaipėdos jūrų krovinių kompanija, VLN

Klaipedos Juru Kroviniu Kompanija AB

Company event



Resolutions of the general meeting of shareholders



The meeting of shareholders held on March 25, 2005 passed the following

resolutions:

1. To approve the Report of the Board on the activities of the company in 2004.

2. To approve the Auditor's Report on the performance of the company in 2004;

3. To approve the Financial Statements for the year 2004.

4. To approve the draft 2004 profit (loss) appropriation.

5. To approve the plan for the formation and use of reserves.

6. To allot LTL 11 400 000 for the payment of dividend, paying out the amount to

minority shareholders within one month from the day of the shareholders'

meeting and to others according to schedule.

7. To elect and approve ERNST & YOUNG Baltic UAB as the auditor for 2005 and pay

it the remuneration for audit services not exceeding LTL 100 000.00 (one hundred

thousand.)

8. To approve the new wording of the Articles of Association of Klaipedos Juru

Kroviniu Kompanija AB and authorize shareholder Rimantas Reklaitis to sign it.

9 To approve the Board's decisions adopted in 2004;

10. To elect V.Greiciunas to be a member of the Board.





Gitana Greiciute

Assistant to the Executive Director

(+370 46) 399 175