DVARCIONIU KERAMIKA

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 14 December 2000, the extraordinary meeting of AB Dvarčionių Keramika

shareholders took place.

At the meeting it was decided:

1.to increase the authorised capital out of the company’s assets by LTL

19038430 by issuing 3807686 ORS with the par value of LTL 5. The shares will be

distributed among the company’s shareholders free of charge in proportion to

the number of shares they hold.

2. to amend Articles of Association with regard to the increase of the

authorised capital.

3. to approve the increase of the authorised capital in order to settle the

debts with the state budget. To increase the authorised capital after the

recommendation of the commission of the Ministry of Economy is received.

4. not to amend Articles of Association with regard to the increase of the

authorised capital.

5. to amend Articles of Association.

6. to elect the following persons members of the Supervisory Board: L. Suboč,

P. Skuodas, E. Pokulnevič, M. Danilevičius, K. Tamulevičius, M. Pulpito, and

T. Tumėnas. The Supervisory Board commences its activity as of 27 February 2001.





Romanas Urniežius

Finance Vice President

8(22) 317878