VILNIAUS DEGTINE

MATERIAL EVENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING



(Unofficial Translation Done at the NSEL)



The Annual General Meeting of Vilniaus Degtine AB shareholders held on 29 April

2004:  

1.Heard the auditor’s statement;

2.Considered comments and proposals from members of the Supervisory Board;

3.Approved the Annual Report 2003 of Vilniaus Degtine AB;

4.Approved the annual accounts for 2003 of Vilniaus Degtine AB;

5.Approved the company’s profit (loss) appropriation for 2003 and resolved to

pay no dividend;

6.Resolved not to approve the new wording of the company’s Articles of

Association;

7.Resolved to elect the firm auditors KPMG Lietuva UAB auditor of Vilniaus

Degtine AB and determine the conditions of payment for audit services;

8.Resolved to remove K. Trylinski and  W. Rudnik from the Supervisory Board;

9.Resolved to elect Tomasz Kowalski and Dariusz Jamiola as members of the

Supervisory Board;

10.Resolved to agree to taking a loan against the company’s assets according

to the Loan Agreement and to agree to the use of the received credit for the

purposes and liabilities as established in the Agreement; to authorize the

company’s Board to resolve all the issues concerning raising a loan  referred

to above and the pledge of the assets to secure that loan.





Laurynas Miskinis

Marketing Director

(+370~5)233 0385