Vakaru Skirstomieji Tinklai AB

Company event



Resolution of the annual general meeting of shareholders



On 30th of August 2004 the following decisions were adopted in General

shareholders meeting of Vakaru Skirstomieji Tinklai AB:

1.To approve the company’s Annual Report 2003;

2.To take into consideration the auditors’ UAB “PricewaterhouseCoopers” and UAB

“Ernst & Young Baltic” recommendations while approving company’s financial

statements for 2003;

3.To approve the company’s financial statements for 2003;

4.To approve the company’s profit (loss) distribution;

5.To change Head office’s address from Kestucio g. 36, LT-44310 Kaunas to J.

Jasinskio g. 16C, LT-01112 Vilnius;

6.To reduce the company’s authorized capital, by reducing share nominal value

from LTL 109 to LTL 1. The company’s authorized capital reduced from LTL 405 261

782 to LTL 3 717 998. To pay LTL 108 per share for every shareholder, who owned

shares at the end of the business day, on which the changes to the articles of

association regarding reduction of authorized capital are registered in Company

Register;

7.To increase company’s authorized capital after the changes to company’s

articles of association regarding the reduction of authorized capital are

registered in Company Register. To oblige the company’s board not later than 60

days after changes to the company’s articles of association regarding the

reduction of authorized capital are registered in Company Register to make a

decision for convoking extraordinary shareholders meeting, in which the main

question would be to increase the authorized capital, or to include this

question into the agenda of General shareholders meeting;

8.To change company’s articles of association.





Rasa Kruopaite

Head of external relations and marketing unit

(+370 5) 2781231