KLAIPEDOS NAFTA

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 4 December 2000, the extraordinary shareholders’ meeting took place were it

was decided to:

1) appoint Donatas Kaubrys director general of AB Klaipėdos Nafta as of

5 December 2000.

2) Approve mortgage of the company’s long-term assets, the total value of which

amounts to LTL 80213thou, to a Lithuanian or foreign bank for the loan, or sell

these assets to a Lithuanian or foreign lease company with the aim to

re-purchase these assets by means of financial leasing.

3) Authorise the company’s Board to adopt the most favourable decision

regarding mortgage or sale of the company’s assets.





D.Jasadavičiūtė

Senior legal adviser

8(26)391626