ANYKSCIU VYNAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 28 April 2000 a general shareholders’ meeting was held. At the meeting, it

was decided to:

1) approve the authorised shareholders to sign the meeting minutess;

2) approve report of the Board on the company’s economic and financial activity

   in 1999;

3) approve report of the auditor;

4) approve amendments to and supplements of the Articles of Association;

5) authorise the company’s Dierctor General to sign amendments to and

   supplements of the Articles of Association and register them with the

   Register of Enterprises in the manner prescribed by the law;

6) approve financial statements for 1999;

7) approve appropriation of profit for 1999;

8) approve bad debts of 1994 - 1996 and write off LTL 2405446 to the

   extraordinary losses;

9) announce dividends for 1999 of 7 cents per ORS of LTL 1 par;

10)approve UAB Arthur Andersen, winner of the audit contest, company’s auditor

   for 2000 - 2002;

11)authorise the company’s Director General to sign the audit agreement;

12)grant the Board right in 2000 to renew the limit of short term loans of LTL

   20m for working assets for the period of one year;

13)having heard  inspection report of Utena Department of the State Control of

   the Republic of Lithuania, if it is necessary, order the administration to

   consider disputable issues in the manner prescribed by laws.





Lina Semėnaitė

Information specialist

(22) 72 18 58