2004.04.05, Klaipėdos jūrų krovinių kompanija, VLN

KLAIPEDOS JURU KROVINIU KOMPANIJA

MATERIAL EVENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS



(Unofficial Translation Done at the NSEL)



The shareholders of the company resolved to:



4.1. Approve the Company’s Management Report for 2003.

4.2. Approve the report of the auditor’s report on the audit of the Company’s

results for 2003.

4.3. Approve the Company’s financial accounts for 2003.

4.4. Approve the draft statement on profit (loss) appropriation and closing

against items in equity capital.

4.5. Elect and approve firm of auditors Deloitte & Touche UAB to perform audit

of the Company’s annual accounts for 2004 and determine no higher payment than

LTL 70000 for the audit services.

4.6. Approve decisions of the Management Board of the Company adopted during

2003. 

4.7. Authorise the Management Board of the Company to purchase, sell, issue

guarantees or otherwise dispose the Company’s assets, the aggregate annual

value of which exceeds 1/20 of the Company’s authorised capital, in 2004.

4.8. Take a loan of EUR 30 000 000 (thirty million euros) from Parex-banka A/S

for the period of eight years.

4.9. Mortgage immovable and movable assets that belong by the right of

ownership according to the list of assets and 51% of the shares of Klaipedos

Juru Kroviniu Kompanija AB to Parex-banka A/S.

4.10. Approve the voting results of the Meeting of Shareholders as of 2 April

2004. 4.11. Elect Violeta Sipaviciute the inspector of the Annual Meeting of

Shareholders for 2005.





Gitana Greiciute

Referent to the Deputy Director

8-46-399 175