KAUNO ENERGIJA

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS' MEETING



At the extraordinary general meeting held on February 4, 2000 the hareholders  

of Kauno Energija decided to:

1) allow pledging of long term assets: buildings, heating utilities,(steam and

   heated water) on the list and long term movable assets on site, which are on

   the list next to the mark of 10.11.1999;

2) authorise the Board of Kauno Energija to coordinate all loan agreements and

   the use of funds received on them with the Municipality Council of the city

   of Kaunas;

3) stop further pledging of assets, which is carried out under the decision of

   the extraordinary shareholders' meeting of September 25, 1998;

4) approve UAB "PricewaterhouseCoopers" the auditor of economic and financial

   activities of 1999.





Lina Semėnaitė

Information specialist

(22) 72 18 58