LINAS

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING



On 14 April 2004, the General Meeting of Linas AB was

held and adopted the following resolutions:

1. Approve the report of the Board on the company’s

activity in 2003.

2. Take into account the auditor’s conclusions when

 approving the financial statements for 2003.

3. Approve the financial statements for 2003.

4. Approve the company’s 2003 profit (loss) distribution.

The loss of the previous years is covered by 2003 profit by

758 371 Lt. No dividends allocated for the year 2003.

5. Approve the new wording of the company’s Articles of

Association and authorise General Director, to sign the

Articles of Association and register them in the manner

prescribed by the Law on Register of Enterprises;

6.Agree to the decision of the Managing Board concerning the

pledged long-term assets and grant authorization to the Managing

Board to sell, transfer, rent, or pledge, as well as use as a

guarantee for the discharge of obligations of other entities the

company’s long-term assets with a total annual value over 1/20 of

the company’s authorized capital.





Lilijana Puriene

Finance director

(370 45) 50 61 57