MAŽEIKIŲ ELEKTRINĖ

MATERIAL EVENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS



On 29 April 2004, the Annual General Meeting of Lietuvos Elektrine AB

shareholders was held.

The meeting resolved to:

1. Take into consideration the auditor’s conclusion when approving

the company’s Annual Report 2003 and the financial statements.

2. Approve the company’s Annual Report 2003.

3. Approve the company’s financial statements for 2003.

4. Approve the company’s profit appropriation for 2003. It was

resolved to allocate LTL 574 thousand for payment of dividend

(LTL 0.02 per one share).

5. Remove Faustas Juska from the Supervisory Board of the company.

6. Elect representative of Ministry of Economy Audrius Bulovas to the

Supervisory Board of the company.





Vargina Ginkuviene

Chief Financier

(+370 443) 97 258