MAZEIKIU NAFTA

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



At the general meeting of AB Mažeikių Nafta shareholders that took place on 14

April, 2000 it was decided to:

1) approve report of the Board on activity during the economic year, from

1 January, 2000 until 31 December, 1999;

2) approve report of the auditor on financial statements for the economic year,

from 1 January, 2000 until 31 December, 1999;

3) approve financial statements for the economic year, from 1 January, 2000

until 31 December, 1999;

4) approve distribution of profit (loss) transferring the loss of the economic

year, from 1 January, 2000 until 31 December, 1999, to the following economic

year;

5) elect UAB ARTHUR ANDERSEN auditor of the company for the period of 4 years

(2000 – 2003) and establish terms for payment for audit services in 2000;

- remuneration for the auditor shall not exceed LTL 1000000 per year.





Lina Semėnaitė

Information specialist

8(22) 72 18 58