NSEL

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING OF SHAREHOLDERS



The General Meeting of the NSEL Shareholders held on 8 June 2004 adopted the

following resolutions:

1. Remove all members from the Supervisory Board of Nacionaline Vertybiniu

Popieriu Birza AB.

2. Elect the following new members of the Supervisory Board:

Gert Tiivas, Prezident of OMHEX Baltic Operations, Henri Bergstrom, Senior

Viceprezident of OMHEX Baltic Operations, Guntars Kokorevics, Executive

Director of "HEX Riga", Jaanus Erlemann, Executive Director of "HEX Tallinn",

Giedrius Steponkus, Director of the brokerage firm G. Steponkaus kontora UAB.





Aldona Gaidamauskiene

Head of the Secretoriat and Personnel Department

(370 5) 272 42 21