ROKISKIO SURIS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



At the general meeting of AB Rokiškio Sūris shareholders of 28 April 2000,

the following decisions were adopted:

1) report of the Board for 1999 was approved;

2) report of audit was approved;

3) annual financial statements were approved;

4) appropriation of profit and dividend payment procedure and amount were

   approved: ORS were alloted dividends acounting for 5per cent of the share

   par value. The accounting date is 28 April 2000. The company’s staff will

   be paid dividends from 12 May to 31 May, 2000 at the company’s cash desk.

   Farmers and milk suppliers will  be paid dividends from 1 June to 30 June,

   2000. Heads of milk buy-up centres will pay dividends for milk suppliers.

   Agricultural companies will be paid dividends by transfer to accounts of

   Lietuvos Žemės Ūkio Bankas. The remaining shareholders will be paid

   dividends from 1 July to 28 July, 2000;

5) the issue regarding company’s reorganisation and the reorganisation project

   were not approved;

6) the issue regarding increase of the authorised capital was not approved;

7) amendments to the Articles of Association were not approved;

8) Alfonsas Sigitas Tamošiūnas, secretary of the Ministry of Agriculture, was

   elected member of the Board;

9) the issue regarding sales, transfer, lease or mortgage of the company’s

   long-term assets, also indemnity or guarantee was not approved;

10)Dalius Trumpa, member of the Board of AB Rokiškio Sūris, was allowed to

   fill a position of chairman of the Board of AB Švenčionių Pieninė. Paul

   Pegden Smith, member of the Board of AB Rokiškio Sūris, was allowed to fill

   a position of member of the Board of the British company United Milk Limited.





Lina Semėnaitė

Information specialist

8(22) 72 18 58