KLAIPEDOS NAFTA

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS' MEETING



On 29 March, 2000 a general shareholders’ meeting took place.

It was decided to:

allocate LTL 1 million for payment of dividends (LTL 0.41 per share)

increase the authorised capital to LTL 80,000,000 out of additional

contributions;

amend company’s Articles of Association due to inclusion of the Supervisory

Board into management; a five-member Supervisory Board shall be elected

for the period of 4 years;

elect A. Minelga, R. Latakas, M. Bilkis, V. Žala, and S. Zmitrovič members

of the Supervisory Board.





Lina Semėnaitė

Information specialist

(22) 72 18 58