EKRANAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 29 March, 2000 the extraordinary shareholders’ meeting took place. It was

decided to:

1) approve taking of long-term loan under the loan agreement with AB Vilniaus

Bankas, EURO 6,919,731.12 loan from AB Vilniaus Bankas under the agreement of

December 22, 1998 for refunding, and EURO 14m loan from the IFC of the World

Bank under the new wording of Investment agreement of January 27, 1999.

2) mortgage a part of AB Ekranas assets in order to ensure the fulfillment of

AB Ekranas liabilities to AB Vilniaus Bankas and the IFC of the World Bank

under the above mentioned agreements. After the addoption of thisdecision, the

mortgaged assets of AB Ekranas constitute 114 per cent of the company’s

authorised capital;

3) authorise J. Makūnas, Economy and Finance Manager of the company, to sign on

behalf of AB Ekranas all documents and, if necessary, their amendments and

supplements, stipulated in the laws of the Republic of Lithuania regarding

mortgage of the above specified assets of AB Ekranas to AB Vilniaus Bankas and

the IFC of the World Bank; to file the documents for registration with the

Mortgage Institution, and  to perform other actions related with the mortgage

of the above specified assets.





Lina Semėnaitė

Information specialist

(22) 72 18 58