Gubernija AB

Company event



Decisions of the General Meeting of Shareholders



On December 27, 2004, the General Meeting of Shareholders of Gubernija AB was

held.

The meeting decided:

1. To approve of the new wording of the Articles of Association of the company.

2. To increase the company's authorized capital from LTL 21 786 000 to LTL 23

964 600 by issuing an issue of 2 178 600 ordinary registered shares of LTL 1

nominal value.

3. To revoke the shareholders' pre-emptive right to subscribe for shares being

issued by the company.

4. To elect Larisa Afanasjeva member of the Board replacing the resigned member

of the Board Takhir Sabajev.

5. To approve of the transfer of the company's long-term financial assets.

6. To approve of the mortgage of the company's long-term assets.





Violeta Dunauskiene

Communication Director

(+370 41) 59 19 00