2003.04.30, Panevėžio statybos trestas, VLN

PANEVEZIO STATYBOS TRESTAS

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING



(Unofficial translation done at the NSEL)



The General Meeting held on 29 April 2003 adopted the following resolutions:

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

2 Familiarization with the auditor’s report.

3 Approve the company’s annual financial statements for 2002.

On 31 December 2002, amounts payable and liabilities totaled to 91.3 %  of the

own capital.

4 Approve the distribution of the company’s profit of 2002. The net profit of

2002  is   LTL 70413, profit available for distribution is LTL 70413. Profit

distribution: LTL 3521 to the statutory reserves, the remaining profit of 

LTL 66892 is not distributed.

No dividends, bonuses or other annual payments were allocated.

5 Election of Deloitte&Touche as the audit firm and setting of remuneration

for the services.

7 Election of the Board members:

Algimantas Butkūnas, Gvidas Drobužas,Remigijus Juodviršis

Representatives of  Panevėžio Keliai AB, Antanas Pavalkis as representative

of Panevėžio Statybos Trestas AB, Mindaugas Vėgelė, Žilvinas Vasiliauskas.





Alvydas Morkvėnas

Finance Director

(370 45) 505 508