MAŽEIKIŲ ELEKTRINĖ

MATERIAL EVENT



DECISIONS OF A GENERAL MEETING OF SHAREHOLDERS



Unofficial translation done at the NSEL)



On 20 December 2002, a general meeting of shareholders of Mazeikiu Elektrine AB

was held.

The following decisions were adopted:

1. To amend the by-laws of  Mazeikiu Elektrine AB.

2. To authorize and oblige the managing Director of the Company to sign the

changes in the bylaws and register them in accordance with the statutory

procedure.

3. To withdraw from the company’s Supervisory Board the present members.

4. To elect to the  company’s Supervisory Board Faustas Juška, Raimondas

Sedlevičius, and Rūta Motiejūnaitė.





Antanas Dagys

Head of the Economy and Personnel Department

(370 443) 97 255