2003.09.01, Limarko laivininkystės kompanija, VLN

KLAIPEDOS TRANSPORTO LAIVYNAS

MATERIAL EVENT



RESOLUTIONS OF THE COMPANYS DIRECTORS BOARD



The  Company’s Board meeting  was held on September 1, 2003 which adopted the

 following resolutions:

1.To approve reorganization Project including  a new wording of the

Articles of Association.

2.To  approve    Klaipedos Transporto Laivynas AB  Board report on

reorganization.

3.To convene  an extraordinary general meeting of Klaipedos Transporto

Laivynas AB. The meeting  will take place  at 2 p.m. on  October 6, 2003 at the

company’s premises Nemuno 22, Klaipeda. Registration of the shareholders 

starts at 1 p.m.

4.To approve  the following Project of  an extraordinary meeting agenda:

1)reorganization of  Klaipedos Transporto Laivynas AB and 

Limarko Laivininkystes Kompanija UAB.

2)approval of  Reorganization Project  of  Klaipedos

Transporto Laivynas AB and  Limarko Laivininkystes Kompanija UAB.

3)approval  of  a new wording of articles of Association  of

Klaipedos Transporto  Laivynas AB

4)granting of authorization to sign  documents and perform all

other actions  during  reorganization of Klaipedos Transporto Laivynas AB and

Limarko Laivininkystes kompanija UAB.





Marius Dvareckas

Finance Director

370 46 340896