VILNIAUS VINGIS

MATERIAL EVENT



RESOLUTIONS OF THE MANAGEMENT BOARD VILNIAUS VINGIS JSC



On 13 February 2004, the Board of Vilniaus Vingis JSC

approved the agenda of a general meeting of shareholders.

Every project of agenda issue of the general meeting of

the company’s shareholders, which will be held on

6 March 2004, was accepted.

The Board proposed to pay out for the activity of 2003

dividends of LTL 1.2 per LTL 4 nominal value ordinary

registered share of Vilniaus Vingis JSC.

Furthermore, the Board of Vilniaus Vingis JSC approved company’s

business plan for 2004, under which sales of production are

to amount to at least LTL 136.0 million, earning

LTL 8.0 million target net profit.





Ramunas Pelanis

Head of department

852392711