Vakaru Skirstomieji Tinklai AB

Company event



Announcement about reducing authorized capital by reducing the shares nominal

value



According to the Vakaru Skirstomieji Tinklai AB (company hereinafter) General

Meeting, which was held on 30th of August 2004, decision - by reducing the share

nominal value from LTL 109 to LTL 1, to reduce company’s authorized capital from

LTL 405 261 782 (divided into 3 717 998 shares with LTL 109 nominal value) to

LTL 3 717 998. (divided into 3 717 998 shares with LTL 1 nominal value) - on

25th of November 2004  the company announced Vilnius Stock Exchange, that the

company on 2nd of December 2004 will deliver the changes to the Articles of

Association regarding reduction of authorized capital to Companies Register for

registration.

According to this announcement the company also request Vilnius Stock Exchange,

referring to trading rules of the Vilnius Stock Exchange (articles 144 and 144.3

), to stop the Vakaru skirstomieji tinklai AB securities trading from 29th of

November 2004 to the moment when the general securities issue account will be

adjusted in Central Securities Depository of Lithuania.





Rasa Kruopaite

Head of external relations and marketing unit

(+370 5) 2781231