2002.01.31, Lietuvos energijos gamyba (until 2011), VLN

LIETUVOS ENERGIJA

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING



On 30 January 2002, the general shareholders’ meeting took place. At the

meeting it was decided to:

1) approve the report of the Management Board on the economic and financial

activity in 2001;

2) note that the meeting got acquainted with the conclusions of the audit

company Arthur Andersen on the company’s annual financial statement;

3) approve financial statements of 2001;

4) approve distribution of the profit earned in 2001. The audited net profit of

the accountable period is LTL 159,458,520. Profit subject to appropriation (LTL

99,855,012) shall be distributed as follows: LTL 39,942,004 for payment of

dividends, LTL 59,913,008 to legal reserves. Dividends of LTL 0.0547will be

paid for one share of the nominal value LTL 1.

5) Approve cash borrowing for the investment programme and current assets to

LTL 180 million in 2002.

6) Revoke the Council of Observers;

7) Elect the following persons members of the Council of Observers: Anicetas

Ignotas, Saulius Specius, Faustas Juska, Aldona Mickeviciene, Dr. Reiner

Lehmann;

8) Allow members of the Council of Observers be members of the Council of

Observers or the Management Board of other companies.





Vaidas Bižokas

Senior economist

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