28.04.2005, Rytų skirstomieji tinklai, VLN

Rytu Skirstomieji Tinklai AB

Company event



The AGM took place on April 28, 2005 at 10 a.m.



DECIDED:

3.1. to approve the 2004 report on the activities of the company;

3.2. to take into consideration the Auditor's Report when approving the

financial statements of the company for 2004;

3.3. To approve the company's financial statements for the year 2004;

3.4. To approve the 2004 profit (loss) appropriation: net annual loss for the

reported year - LTL 84 009 288; loss available for appropriation - LTL 124 092

047; transfers from reserves - LTL 42 280 628; The unappropriated loss at the

end of the financial year is to be brought forward to the 2005 financial year -

LTL 81 811 419.

3.5. Do not consider the item regarding increase of the authorized capital by

non-pecuniary contributions;

3.6. Do not consider the item regarding revocation of the shareholders'

pre-emptive right to subscribe for shares being issued by the company;

3.7. To increase the authorized capital of the company from the revaluation

reserve by LTL 81 811 419, by issuing new ordinary registered shares worth LTL 1

by nominal value and delivering free to the shareholders in proportion to the

nominal value of the shares possessed by them on April 28, 2005.

To obligate the Board to convene the extraordinary general meeting of

shareholders regarding the decrease of the authorized capital, by eliminating

losses recorded in the balance sheet of 2004.

3.8. To amend paragraph 5.1 of the Articles of Association of Rytų Skirstomieji

Tinklai AB and lay it down as follows: "The authorized capital of the company

equals LTL 574 216 072. The company's authorized capital is

divided into 574 216 072 ordinary registered shares worth LTL 1 by nominal

value."

3.9. Do not recall the member of the Supervisory Board of Rytų Skirstomieji

Tinklai AB and do not elect a new member to the Supervisory Board.





Artur Grigorian

Specialist of the Assets Management Division

(+370 5) 251 2638