DVARCIONIU KERAMIKA

MATERIAL EVENT



CHANGE IN AUTHORISED CAPITAL



At 2pm on 29 August 2000, the extraordinary meeting of AB Dvarcioniu Keramika

shareholders took place.

At the meeting it was decided to:

1. In order to annul losses stated in the balance account reduce the company’s

authorised capital by LTL 12 173 276.27 by proportionally reducing par value of

all shares to LTL 3.75.

2. Increase the company’s authorised capital by LTL 12 173 276.27 out of

revaluation and other reserves by increasing par value of shares to LTL 5.00.

3. Increase the company’s authorised capital out of additional contributions by

LTL 702555, from LTL 48712290 to LTL 49414845, for settling with the government

in shares without granting all shareholders the pre-emtive rights to acquire

the company’s shares.





Liudmila Suboč

Head of the Personnel Division

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