Mazeikiu Elektrine AB

Company event



Decisions of the general meeting of shareholders



The AGM of Mazeikiu Elektrine AB took place on April 28,2005. The following was

decided:

1. The Auditor's Report regarding the 2004 financial statements and the report

on the activities of the company was heard.

2. The Supervisory Board's response and recommendations concerning the 2004

financial statements, draft profit appropriation and report on the company's

activities were provided.

3. To approve the report on the company's activities in 2004.

4. To approve the financial statements for the year 2004.

5. To approve the 2004 profit appropriation. To allocate LTL 2 009 939 for the

payment of dividends (7 cents per share).

6. To recall Audrius Bulovas from the members of the Supervisory Board.

7. To elect a representative of the Ministry of Economy Janina Butkevičiene

member of the Supervisory Board.

8. To establish that the borrowing limit of the company for 2005 must not exceed

LTL 4 m.





Vargina Ginkuviene

Chief Financier

(+370 443) 97 258