SANITAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 9 March 2001, a general shareholders’ meeting took place. At the meeting,

the following decisions were adopted:

1) the Board’s  report on economic and financial activity in 2000 was approved;

2) audit report for 2000 was approved;

3) financial statements of 2000 were approved;

4) appropriation of profit of 2000 was approved. It was decided not to pay

dividends for ordinary registered shares and to allot the major part of the

profit to investments and to dividends on preferred shares;

5) change of the par value of shares was approved. The par value of LTL 25 was

 changed into par value of LTL 5;

6) Conversion of preferred shares into ordinary shares was approved.

All preferred shares were converted into ordinary registered shares;

7) The Articles of Association were amended due to the change of the par value

of shares and conversion of preferred shares into ordinary registered shares;

8) Resignation of Arnoldas Burkovskis from the Supervisory Board was approved.

Jason Grenfell-Gardner was elected member of the Supervisory Board for a

four-year term.





Genovaitė Aliulienė

Head of Author. Cap. Division

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