23.04.2002, Klaipėdos jūrų krovinių kompanija, VLN

KLAIPEDOS JURU KROVINIU KOMPANIJA

MATERIAL EVENT



DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 19 April 2002, a general meeting of AB Klaipedos Juru Kroviniu Kompanija

shareholders took place. The meeting resolved to:

1) approve the report of the internal auditor (audit company) on the audit of

financial results of 2001;

2) approve financial statements of 2001;

3) approve a draft of profit appropriation of 2001 (the total loss at the end

of the accountable period is LTL 1,903,244);

4) approve a draft of the use of profit of the current year;

5) approve report of the Management Board on  the economic and financial

activity in 2001;

6) elect and approve UAB Arthur Andersen to conduct the company’s audit and to

establish remuneration not exceeding LTL 110,000.00. Note: in the event of

reorganization of the above mentioned audit company , the company’s Management

Board is allowed to consider appointment of another audit company and to submit

the issue of appointment  of a new audit company and its audit statement for

the general shareholders’ meeting in 2003.

7) Approve decisions passed by the Management Board in 2001 and allow the

Management Board to dispose the property, the total value of which is more than

1/20 of the company’s authorized capital.

8) Approve voting results of the annual general shareholders’ meeting, held on

19 April 2002.





Karolis Grigalauskas

President’s referent

(26) 399175