PANEVEZIO PIENAS

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



On 28 May 2001, the extraordinary shareholders’ meeting took place. At the

meeting it was decided to:

1) approve the new wording of the company’s Articles of Association;

2) revoke the Management Board;

3) elect the Management Board;

4) revoke the company’s auditor;

5) appoint the company’s auditor and establish his remuneration.





Albertas Balčiūnas

Director General

8 (25) 502064