KLAIPEDOS BALDAI

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



On 23 April 2001, a repeated general shareholders’ meeting took place, where:

1) report of the Board on 2000 was approved;

2) auditor’s report for 2000 was approved;

3) financial statements for 2000 were approved (assets LTL 38,548,146; net

profit LTL 5,378,325);

4) profit appropriation was approved; it was decided not to pay dividends;

5) audit company "ARTHUR ANDERSEN" was elected the company’s auditor;

remuneration was established;

6) V. Bernotavičius, representative of AB "SBA koncernas” was elected member

of the Supervisory Board;

7) the Board’s decisions to take a loan and mortgage long-term assets were

approved.





Ligita Mikienė

Director of Economics

8-26-313945