LIFOSA

MATERIAL EVENT



AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF LIFOSA AB REGISTERED ON 21 AUGUST

2003



(Unofficial translation done at the NSEL)



Executing the resolution of the general meeting of Lifosa AB of 17 April 2003

and Decision of the Securities Commission of 22 May  2003 (Minutes No. 11),

the state enterprise Center of Registers registered on 21 August 2003 an

amendment to the company’s Articles of Association concerning reduction of

the authorized capital:

1. Paragraph 4.1. of the company’s Articles of Association is hereby amended

and laid down as follows:

“4.1. The company’s authorized capital is LTL 97 893 900 (ninety seven million

eight hundred ninety three thousand nine hundred).”

2. Paragraph 4.2. of the company’s Articles of Association is hereby amended

and laid down as follows:

“4.2. The company’s authorized capital is split into 9 789 390 (nine million

seven hundred eighty nine thousand three hundred ninety) dematerialized

ordinary registered shares. Nominal value per share is LTL 10 (ten).”

3. Paragraph 5.1. of the company’s Articles of Association is hereby amended

and laid down as follows:

“5.1. 9 789 390 (nine million seven hundred eighty nine thousand three hundred

ninety) dematerialized ordinary registered shares have been issued at the

company with the nominal value of LTL 10 (ten).”





Regvita Ivanovienė

Finance Director

(370 347) 66 331