ALYTAUS TEKSTILE

MATERIAL EVENT



RESOLUTIONS OF THE SHAREHOLDERS’ MEETING



(Unofficial Translation Done at the NSEL)



On 30 March 2004, at 1.00 p.m. an extraordinary general meeting of shareholders

was held.

The meeting resolved to:

1. Approve the new wording of the Articles of Association;

2. Remove all members of the Supervisory Board from office;

3. Elect five new members to the Supervisory Board;

4. Increase the company’s authorised capital by LTL 30,780,381 from

supplementary contributions by issuing 30,780,381 ordinary registered shares

of one litas nominal value and retain the pre-emption right to all shareholders

of the company to acquire shares of the new issue. Establish that a shareholder

may acquire shares during 14 days from the day of public announcement of the

subscription in the Centre of Registers of Legal Entities.

5. Due to the increase of the authorised capital, amend the Articles of

Association accordingly.

The company’s authorised person to provide additional information on this

material event is A. Jasiulevicius, Acting Director General,

tel. (+370 315) 57 357.





G. Ludaviciene

Acting Finance Director

(+370 315) 57334