KAUNO TIEKIMAS

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING



(Unofficial translation done at the NSEL)



On 9 April 2003, the General Meeting was held and adopted the following

resolutions:

1) Approve the report of the Board on the company’s activity in 2002;

2) Approve the auditor’s conclusions concerning the financial statements for

2002;

3) Approve the financial statements for 2002;

4) Approve the company’s 2002 profit (loss) distribution;

5) Approve the agreements and transactions on request of the Board;

6) Agree with the proposal of the Board to permit the Board to lease for one

year a portion of the company’s long term with a value exceeding 1/20 of the

company’s authorised capital and pledge a portion of the company’s long term

with a value exceeding 1/20 of the company’s authorised capital;

7) Elect the audit firm of R. Verbickienė for one year and set a remuneration

of LTL 5000 for the audit services;

8) Elect Igor Gončaruk, Irena Keblerienė, Nijolė Varanavičienė members of the

company’s Board for a 4-eyar term;

9) Increase the company’s authorised capital from supplementary contributions

of shareholders and other persons by issuing 3000000 ORS with LTL1 Lt nominal

value. The total nominal value of shares being issued is LTL 3000000. Minimum

share price at issuance is LTL 1;

10) Amend item 3.1. of paragraph 3 of the company’s Articles of Association.





Irena Keblerienė

Director General

(370 37 ) 473744