XXL.EE

ANNOUNCEMENT



RESOLUTIONS OF SHAREHOLDERS' EXTRAORDINARY GENERAL MEETING



The annual general meeting of shareholders of AS XXL.EE (address 

Tartu St. 87D, Tallinn; registry code 10040414) was attended 

by OÜ CC Computer (represented by Arho Kalevi Anttila), which owns 

1,021,487 AS XXL.EE shares or 51.07% of share capital.



The extraordinary general meeting of shareholders was held on 

02.07.2000, beginning at 15:00, in the rooms of AS XXL.EE (address 

Pärnu St. 139, Tallinn). According to the Supervisory Board decision 

of 08.06.2000, the agenda of the EGM included the following items:



a)		 

Appointment of chairman and secretary to the meeting;

The shareholders decided unanimously to appoint AS XXL.EE chief 

executive Arho Anttila to chair the AGM, and Märt Viitas to record 

the AGM minutes. 



b)		 

Management report, profit allocation proposal; 

Due to net loss posted in 1998/99 financial year, the CEO of AS 

XXL.EE made a proposal to shareholders not to pay dividends.



c)

Approval of annual report;

The shareholders decided unanimously to approve AS XXL.EE 1999 annual 

report.



d)

Decision on allocation of profit;

The shareholders decided unanimously not to pay dividends due to net 

loss posted in 1998/99 financial year.



e)		 

Recall and election of Supervisory Board members;

The shareholders decided to recall Andri Hõbemägi from the Supervisory Board.



f)

Appointment of auditor.

The shareholders decided unanimously to appoint Taivo Epner to audit AS XXL.EE 

financial reports.





Arho Anttila arho@xxl.ee

Chief Executive

+372 65 07 500