27.06.2001, Lietuvos jūrų laivininkystė, VLN

LIETUVOS JURU LAIVININKYSTE

MATERIAL EVENT



DECISIONS ADOPTED AT STATUTORY MEETING OF LISCO SHAREHOLDERS



On 27 June 2001, the statutory shareholders’ meeting of AB LIETUVOS JŪRŲ

LAIVININKYSTĖ, which will operate after reorganisation of AB LIETUVOS JŪRŲ

LAIVININKYSTĖ, was held in Vilnius. At the meeting it was decided to:

1. set up AB LIETUVOS JŪRŲ LAIVININKYSTĖ, which will operate after the

reorganisation of AB LIETUVOS JŪRŲ LAIVININKYSTĖ, pursuant to paragraph 4.2.

of the Article 10 of the Company Law of the Republic of Lithuania and

reorganistion project of LISCO, approved at the extraordinary meeting of LISCO

shareholders as of 26 May 2001;

2.1. amend the first sentence of paragraph 12.2.of the Articles of Association

of LJL, approved at the extraordinary meeting of LISCO shareholders as of 26

May 2001, by replacing the word president with the director general; approve

the revised Articles of Association of LJL (appendix No. 3 of the minutes of

this shareholders’ meeting);

2.2. authorise and bind:

2.2.1. Stanislavas Talat –Kelpša, representative of LJL incorporator – public

company State Property Fund and chairman of the Supervisory Board, to sign

Articles of Association of LJL;

2.2.2. administration head appointed by the Management Board of LJL to sign and

present all documents and perform all actions related to registration of LJL

and its Articles of Association with the Ministry of Economy of the Republic

of Lithuania;

3. elect the following persons members of the Supervisory Board: Andrius Šukys,

Nijolė Sabonienė, Stanislavas Talat-Kelpša, Vilius Bernatonis, and Kazimieras

Gimbutis.

3.2. convoke the first sitting of the Supervisory Board of LJL right after the

statutory meeting of LJL shareholders and consider the issues regarding

election of the Chairman of the Supervisory Board, appointment of members and

Chairman of the Management Board. To convoke the first sitting of the

Management Board of LJL right after the sitting of the Supervisory Board of LJL

and consider the issue regarding appointment of the administration head of

LJL – director general;

4. Elect audit company Finansinis Auditas UAB LJL’s auditor (company code -

2391282, address – 4 Islandijos St, Vilnius).





Romas Matiukas,

Director of FBF Sinkus

(8-22) 72 34 85