VILNIAUS DEGTINE

MATERIAL EVENT



DECISIONS ADOPTED AT AN EXTRAORDINARY MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



On 16 December 2002, a general meeting of shareholders was held and adopted

the following decisions:

1.1. Approve the new version of the by-laws of Vilniaus Degtinė AB;

1.2.  Authorize the Managing Director of the company to sign the by-laws

and register them following the procedure stipulated in the Law on the

Register of Enterprises.

2. Withdraw V.Katkevičius, G.Paviržis, D.Zabulionis, P.Kubilius from

the position of the Supervisory Board members of Vilniaus Degtinė AB.

3. Appoint to the Supervisory Board of Vilniaus Degtinė AB R. Sedlevičius,

 R.Motiejūnaitė, R.Ramutytė.

4. Permit R.Sedlevičius, member of the Supervisory Board of Vilniaus Degtinė

AB, act as a member of the Supervisory Boards of public companies Stumbras,

Alita, Anykščių Vynas; R.Motiejūnaitė, member of the Supervisory Board of

Vilniaus Degtinė AB, act as a member of the Supervisory Boards of Alita AB.

5. Terminate services of Finansinis Auditas UAB as the auditor of Vilniaus

Degtinė AB and authorise the Managing Director to terminate the audit contract

with Finansinis Auditas UAB. Appoint KPMG Lietuva.Auditas Apskaita

Konsultacijos UAB an auditor of  the 2002 financial statements of Vilniaus

Degtinė AB.





Raimonda Palionienė

Chief  financier

(370 5)2133152