APRANGA

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 28 April 2000, a general meeting of APB Apranga shareholders took place.

At the meeting:

1) shareholders approved report of the Board on company’s activity;

2) shareholders approved report of audittting company Arthur Andersen;

3) financial statements for 1999 and appropriation of profit for 1999 were

   approved unanimously. Dividends will not be paid;

4) the Board was authorised to select the auditing company and discuss

   remuneration for audit services;

5) decision regarding mortage of long-term assets owned by the company by the

   right of ownership was passed.





Lina Semėnaitė

Information specialist

(22) 72 18 58