MAŽEIKIŲ ELEKTRINĖ

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 company’s activity report for 2002.

2. Acknowledge that the company’s financial statements and documents comply

with the statutory and other legal requirements.

3. Approve the company’s annual financial statements.

4. Authorize the company’s Managing Director Juozas Doniela to sign an

agreement with audit firm Rezultatas UAB for the audit of the company’s 2003

financial statements.

5. Approve the company’s profit distribution for 2002. Allocate LTL 1.062 m.

for dividends (3.7 cents per share).

6. Approve the company’s borrowing limit for 2003 to be LTL 13 m.





Vargina Ginkuvienė

Chief financier

(443) 97 258