VILNIAUS VINGIS

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING OF SHAREHOLDERS OF VILNIAUS VINGIS AB



(Unofficial translation done at the NSEL)



On 22 March 2003 a general meeting of shareholders of Vilniaus Vingis AB was

held (agenda announced in the daily Lietuvos Rytas  No. 33, 10 February  2003):



- Approval of Vilniaus Vingis AB activity report for 2002;

- Report of audit company KPMG Lietuva UAB on the company’s activity in 2002;

- Approval of the company’s annual financial statements for 2002;

- Approval of the 2002 profit distribution, allocating for dividends LTL 11.4

million, LTL 1.25 per share. Dividends will be paid in accordance with the law;

- Approval of the 2003 preliminary profit distribution;

- Approval of the proposal concerning usage of the company’s assets;

- For the stabilisation of Vilniaus Vingis AB shares on the national Stock

Exchange, the Board is authorised to buy up 912300 (nine hundred twelve

thousand three hundred) units of the company’s shares on behalf of the company.

The maximum buy back price is set at LTL 9.0 and the minimum is set at  LTL 

4.0.





Ramūnas Pelanis

Department head

(370 5) 2392711