ALITA

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



At 1 p.m. on 19 April 2001, a general shareholders’ meeting took place at

the company’s hall. At the meeting it was decided to:

1) approve the Board’s report on the company’s economic and financial activity

in 2000;

2) approve auditor’s report and conclusions on the annual financial statements;

3) approve financial statements for 2000;

4) approve appropriation of profit (loss) for 2000. To pay dividends of

LTL 0.07 per share. Dividends for state-held shares will be transferred to

the state budget within a month after the date of the general shareholders’

meeting where dividends were announced.

5) allow the company’s Board to conclude loan contracts with banks by

mortgaging no more than 35% of the share of long term assets in the company’s

authorised capital (this share equals LTL 25580thou). Credits may be used for 

and reconstruction of the company.

6) approve amendments to the Articles of Association;

7) recall P.Jaciunskas and V.K.Paulikas from the Supervisory Board;

8) elect A.Kapitanovas, adviser to the Prime Minister of the republic of

Lithuania, and R.Markauskas, head of Alytus district, members of the

Supervisory Board;

9) approve terms for selection of auditing company for 2001 – 2001 and the

procedure for holding the tender.





Audronė Barbuškienė

economist

(8-235) 79653