GRIGISKES

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING OF SHAREHOLDERS’



(Unofficial Translation Done at the NSEL)



The General Meeting of Grigiskes AB shareholders held on 29 December 2003

adopted the following resolutions:

1. Approve of the procedure for transfer of assets, rights and obligations of

Naujieji Verkiai AB to the Company and approve the Master Act on Transfer and

Acceptance of assets, rights and obligations of Naujieji Verkiai AB signed on

30 September 2003, and establish and confirm that all assets, rights and

obligations of Naujieji Verkiai AB that are transferred in accordance with the

terms and conditions of the Reorganisation Plan under the Act on Transfer and

Acceptance of the Residual Assets, have been handed over to the Company on the

date of signing the Master Act on Transfer and Acceptance; the residual assets,

rights and obligations of Naujieji Verkiai AB will be handed over to the

Company upon signing the Act on Transfer and Acceptance of the Residual Assets

as foreseen in the Reorganisation Plan, unless imperative norms provide for

other terms for transfer of assets, rights and/or obligations subject to

registration.

2. Approve of Grigiskes AB authorised capital of LTL 39,956,657 which is

divided into 39 956 657 ordinary registered shares.

3. Adopt a new wording of the Articles of Association of Grigiskes AB.

Authorise the General Manager of Grigiskes AB, Mr. Gintautas Pangonis, to

undersign the new wording of Grigiskes AB Articles of Association and to

perform all actions in relation to the registration and, under the necessity,

to editing of the Articles of Association.

4. Remove the Supervisory Board of Grigiskes AB.

5. Elect the following members of the Supervisory Board of Grigiskes AB:

Norimantas Stankevicius, Algimantas Goberis, Valdas Urbonas, Romualdas

Juskevicius, Tautvilas Adomonis.





Gintautas Pangonis

General Manager

+370 (5) 243 58 01