SANITAS

MATERIAL EVENT



DECISIONS OF THE REPEATED GENERAL SHAREHOLDERS’ MEETING



On 19 April 2002, a repeated general meeting of AB Sanitas shareholders’ took

place.

1) report on the economic and financial performance of the company in 2001 was

approved;

2) auditor’s report was heard and approved;

3) financial statements of 2001 were approved;

4) profit (loss) appropriation was approved;

5) the company’s authorized capital was reduced by LTL 2,464,825 in order to

cover losses recorded in the company’s balance sheet by annulling 492,965

shares;

6) the following persons were elected members of the Council of Observers: 1.

James Syme; 2. Lenno Ruut;  3. Jason Grenfell - Gardner; 4. Joakim Helenius; 5.

Adomas Navickas;

7) the company’s Articles of Association were amended due to the reduction of

the authorized capital  and broader powers given to the head of administration.

After the manager of the Register registers amendments to the Articles of

Association, the company’s authorized capital will equal LTL 27,814,800, which

corresponds to 5,562,960 ordinary registered shares.

8) It was decided not to elect the auditor at this general shareholders’

meeting;

9) The search for a strategic investor was approved, UAB FBF Trigon Capital was

selected to search for a strategic partner.

10) No current issues.





Genovaitė Aliulienė

Head of the Authorised Capital

223170