04.10.2002, Rytų skirstomieji tinklai, VLN

RYTŲ SKIRSTOMIEJI TINKLAI

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING



(unofficial translation done at the NSEL)



On 4 October 2002, a general shareholders’ meeting of

Rytu Skirstomieji Tinklai AB was held. The shareholders’ meeting resolved to:

1) increase the company’s authorised capital by additional pecuniary

contributions of LTL 29,846,271 by issuing 29,846,271 ordinary registered

shares at LTL 1 par. The share issue price equals the nominal value (LTL 1);

2) revoke the pre-emptive right of all shareholders to acquire shares of the

new issue;

3) all newly issued ordinary registered shares of Rytu Skirstomieji Tinklai AB

will be transferred to persons, who have subscribed to the shares and who are

specified in the annex, in proportion to the value of assets (contributions)

that are used in the electricity distribution activity of Rytu Skirstomieji

Tinklai AB (transformers, substations, electricity lines, etc);

4) amend the company’s Articles of Association;

5) elect the audit firm Pricewaterhouse Coopers UAB the auditor of Rytu

Skirstomieji Tinklai AB for the period 2002-2003 to carry out the audit of

financial statements; establish remuneration for the audit services.





Saulius Mikėnas

Head of Assets Management Division

+370 (5) 2 78 26 27