DVARCIONIU KERAMIKA

MATERIAL EVENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING



(Unofficial Translation Done at the NSEL)



On 28 April 2004, the Annual General Meeting of Dvarcioniu Keramika AB

shareholders took place, which resolved to:

1. Recommend that the shareholders consider the auditor’s statement  before

taking a vote on approval of the company’s Annual Report  and the annual

accounts for 2003.

2. Recommend that the shareholders consider comments of the Supervisory Board

before taking a vote on approval of the company’s Annual Report and the annual

accounts for 2003.

3. Approve the Annual Report 2003.

4. Approve the annual accounts.

5. Approve the company’s profit (loss) appropriation for 2003. It was resolved

that no dividend will be paid for the year 2003.

6. Approve the new wording of the Articles of Association.

7. Resolution concerning pledge of the company’s long-term assets was adopted.





Liudmila Suboc

Head of the Human Resources Department

(+370-5) 231 73 92