2002.05.02, Panevėžio statybos trestas, VLN

PANEVEZIO STATYBOS TRESTAS

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING



At 2 p.m. on 30 April 2002, a general meeting of the company’s shareholders

took place at 1 P. Puzino St. in Panevezys.

At the shareholders’ meeting the following decisions were adopted:

1) report of the Management Board for the year 2001;

2) the auditor’s report was heard;

3) the company’s financial statements were approved. The sum of amounts payable

and liabilities as of 31 December 2001 accounted for 63.4% of the own capital.

4) Profit appropriation was approved. Net profit earned in 2001 made up LTL

259,274; profit to be appropriated equaled LTL 506,691. The profit was

appropriated as follows: LTL 26,365 – to the legal reserves; LTL 480,326 – to

reserves available for distribution. No dividends, premiums, tantiemes will be

paid.

5) Deloitte&Touche was elected the company’s auditor and the remuneration for

audit services was established;

6) The Management Board was authorized to dispose the company’s property.





Alvydas Morkvėnas

Finance Director

8*45 505508