VILNIAUS VINGIS

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



On 16 March 2002, a general meeting of Vilniaus Vingis shareholders’ took place

(the agenda was announced in the daily Lietuvos Rytas No. 35 of 12 February

2002).

1) report of the Management Board on the company’s performance in 2001 was

approved;

2) report of the audit company UAB “KPMG Lietuva” on the company’s performance

in 2001 was heard;

3) financial statements of 2001 were approved;

4) profit appropriation of 2001 was approved;

5) draft appropriation  of profit earned in 2002 was approved;

6) the proposal regarding the use of the company’s assets was approved;

7) decision regarding reduction of the authorized capital was not passed;

8) the company’s Articles of Association were not amended as the authorized

capital was not reduced;

9) in order to stabilize the company’s share price at the National Stock

Exchange of Lithuania, the Management Board was allowed to buy 912,300 own

shares on behalf of the company.





Ramūnas Pelanis

Head of the division

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