LINAS

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING



On 18 April 2002, a general meeting of AB Linas shareholders’ took place. The

shareholders’ meeting resolved to:

1) approve report of the Management Board of AB Linas on the company’s

performance in 2001;

2) approve auditor’s conclusion when approving financial statements of 2001;

3) approve financial statements of AB Linas of 2001;

4) approve profit (loss) statement of AB Linas of 2001; not to pay dividends

for the year 2001;

5) approve new wording of the Articles of Association of AB Linas;

6) approve the Board’s decision regarding pledged long-term and short-term

assets and to authorize the Management Board, where appropriate and with the

consent of the Council of Observers, to conclude transactions regarding sale,

transfer, rent, mortgage of the company’s long-term assets worth more than 1/20

of the company’s authorized capital as well as securing it as a guarantee or

indemnity against liabilities of other entities.





Romualdas Mažylis

Spokesman to the press

8 25 506324