KAUNO ENERGIJA

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS' MEETING



On 21 February, 2000 the extraordinary meeting  of SPAB Kauno Energija

shareholders washeld. It was decided to:

1) approve the lease agreement between SPAB Kauno Energija, municipality of

Kaunas, and the new enterprise Vattenffal AB;

2)authorise Director General of SPAB Kauno Energija to sign the lease

agreement between SPAB Kauno Energija, municipality of Kaunas, and the new

enterprise Vattenffal AB;

3)reorganise SPAB Kauno Energija by separating the following branches of

SPAB Kauno Energija: Jurbarko Šilumos Tinklai and Šakių Šilumos Tinklai.

To establish   SPUAB   Jurbarko Šilumos Tinklai and SPUAB Šakių Šilumos

Tinklai on that basis;

4) approve the reorganisation project of SPAB Kauno Energija;

5) approve Articles of Association of SPAB Kauno Energija, SPUAB Šilumos

Tinklai, and SPUAB Šakių Šilumos Tinklai.





Lina Semėnaitė

Information specialist

(22) 72 18 58