VAKARŲ SKIRSTOMIEJI TINKLAI

MATERIAL EVENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS



(Unofficial Translation Done at the NSEL)



On 30 April 2004, at 9 a.m. the  Annual General Meeting (AGM) of Vakaru

Skirstomieji Tinklai AB shareholders was held at 36 Kestucio St., Kaunas.

The AGM resolved that at this meeting it would not:

1. approve the company’s Annual Report 2003;

2. adopt any decision concerning the auditor’s opinion about the company’s

annual accounts for 2003;

3. approve the company’s annual accounts for 2003;

4. approve the company’s profit (loss) appropriation.

5. It was also resolved to amend item 9.1 in the company’s Articles of

Association regulating convocation of the AGM of the company’s shareholders;

6. additionally elect one more firm of auditors, Ernst&Young Baltic UAB to

perform an independent audit of the company’s annual accounts for 2003 and

determine conditions of payment for audit services.





Rokas Babravicius

Head of Public Relations and Information Department

(+370-37)-309259