VILNIAUS VINGIS

MATERIAL EVENT



DECISION OF THE SECURITIES COMMISSION



On 18 September 2001, the company received a resolution of

the Securities Commission as of 14 September 2001 (Minutes No. 24,

paragraph No. 12) which permits to carry out the decision adopted

at the general shareholders’ meeting as of 19 May 2001 (regarding

reduction of the authorised capital of Vilniaus Vingis from

LTT 45,615,525 to LTL 36,492,420 by proportionally paying available 

funds to shareholders, by changing the par value of shares from

LTL 5 to LTL 4).





Rimantas Baltrusaitis

Head of Department

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