SANITAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



1. Report of the company’s Board on the company’s economic activity in 1999 was

approved.

2. Report of Price Waterhouse Coopers, international auditing company, was

presented and approved.

3. Financial statements of 1999 were approved.

4. Distribution of loss of 1999 was approved. The loss of LTL 4.911.499 was

reimbursed out of unappropriated reserves. It was decided to allocate LTL

141.9thou for dividend payment to the holders of preferred shares.

The dividends will be allocated out of reserves to be appropriated.

5. The authorised capital was increased by LTL 13m out of company’s reserves by

issuing 520000 ORS at LTL 25 par. The shares shall be distributed to the

company’s shareholders proportionally to the par value of the shares held.

6. The Articles of Association were amended due to the supplement of kinds of

economic activity and change in the amount of the authorised capital. After the

registration in the Register of Enterprises, the company’s authorised capital

will constitute LTL 30.279.625, which equalls 1211185 shares ( including

1182805 ORS and 28380 preference shares).

7. Resignation of John Wilson , member of the Supervisory Board, was approved.

Arnoldas Burkovskis was elected member of the Supervisory Board for the period

of 4 years.





Lina Semėnaitė

Information specialist

(22) 72 18 58