APRANGA APB	STOCK EXCHANGE RELEASE	02.12.2005



Resolutions of the Extraordinary General Meeting of Apranga APB



The Extraordinary General Meeting of Apranga APB was held on 2 December 2005.

The General Meeting passed the following decisions:

1. To increase the authorized capital from the company's funds by

LTL 26 468 970 (EUR 7 665 944) (that is, by LTL 26 027 820 (EUR 7 538 178)

from accumulated profit and by LTL 441 150 (EUR 127 766) from share premium)

from LTL 8 822 990 (EUR 2 555 315) to LTL 35 291 960 (EUR 10 221 258) by

issuing additional 26 468 970 shares with the nominal value of LTL 1

(EUR 0.28962) per share and passing them to the shareholders for free in the

proportions of the nominal value of the shares owned on the date of the General

Meeting which adopts the resolution to increase the authorized capital.

2.1. To amend the clauses 3.2. and 3.3. of the Articles of Association with

a new wording due to increase of the authorized capital from the company's

funds from LTL 8 822 990 (EUR 2 555 315) to LTL 35 291 960 (EUR 10 221 258):

"3.2. The authorized capital of the company is LTL 35 291 960 (thirty five

million two hundred ninety one thousand nine hundred sixty).

3.3. The authorized capital of the company is divided to 35 291 960 (thirty

five million two hundred ninety one thousand nine hundred sixty) common

registered shares with the nominal value of LTL 1 per share".

2.2. To authorize the company manager Rimantas Perveneckas to sign the

amended Articles of Association of Apranga APB and other documents with

amendments made, to register the amended Articles of Association with the

official authorities and to perform other related activities.



According to the Law of the Republic of Lithuania on companies (article 49,

part 7) the statutory capital shall be deemed to have been increased only

after the amended Statutes are registered in the Register of Legal Persons.



The additionally issued common registered shares of Apranga APB are

the securities which denote the participation of their owner in the capital

of the company and entitle the shareholders with these property and

non-property rights:

- to receive a part of the company's profit (dividend). Persons who were

shareholders of the company at the end of the day when the General Meeting

declared the dividends or were entitled to receive dividends on other legal

grounds shall be entitled to the dividend;

- to receive a part of assets of the company in liquidation;

- to receive shares without payment if the statutory capital is increased

out of the company funds, except in cases specified in the Law on companies;

- to have the pre-emption right in acquiring shares or convertible debentures

issued by the company, except in cases specified in the Law on companies when

the General Meeting decides to withdraw the pre-emption right in acquiring

the company’s newly issued shares or convertible debentures for all

the shareholders;

- to lend to the company in the manner prescribed by law; however, when

borrowing from its shareholders, the company may not pledge its assets to

the shareholders. When the company borrows from a shareholder, the interest

may not be higher than the average interest rate offered by commercial banks

of the locality where the lender has his place of residence or business,

which was in effect on the day of conclusion of the loan agreement. In such

a case the company and shareholders shall be prohibited from negotiating

a higher interest rate;

- shareholders also could have other property rights established by the laws

of the Republic of Lithuania;

- to attend the General Meetings and to vote at General Meetings. The one

common registered share gives the right for one vote for the shares owner

in the General Meeting. The right to vote at the General Meeting may be

withdrawn or restricted in the cases established by this and other laws,

also in case share ownership is contested;

- to receive information on the company specified the Law of the Republic

of Lithuania on companies;

- to file a claim with the court for reparation of damage resulting from

nonfeasance or malfeasance by the company manager and Board members of their

obligations prescribed by this Law and other laws and the Statutes of

the company as well as in other cases laid down by laws;

- other non-property rights established by the laws.



According to the resolution of the Securities commission of the Republic of

Lithuania "on the preparation of the prospectus of securities and the rules

on the disclosure of information", the articles 5.4 and 6.5 of the preparation

of the prospectus of securities and the rules on the disclosure of information

declare that the obligation to prepare the prospectus, when the securities

will be offered in public and traded in the regulated market in the Republic

of Lithuania, is not applied when the shares are issued and passed to

the shareholders without payment.



The additional information about Apranga APB is placed on the internet page

of the company: <a href='http://www.apranga.lt.' target='_blank'>http://www.apranga.lt.</a>



Rimantas Perveneckas

General Manager

(8-5) 2390 801