ALYTAUS TEKSTILE

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



At 1 pm on 7 October 2000, the extraordinary meeting of AB Alytaus Tekstilė

shareholders took place at 1 Pramonės St., in Alytus.

At the meeting the following decisions were adopted:

1) to approve non-pecuniary (property) contributions of the shareholder Tolaram

Investments (Estonia) of LTL 3768.1thou to the authorised capital;

2) to increase the company’s authorised capital by LTL 5250000 since the

shareholder Tolaram Investments (Estonia) bought shares of the issue announced

on 23 30 2000 for LTL 5250000;

3) to amend paragraph 4.2 of the Articles of Association due to a LTL 5250000

increase of the authorised capital;

4) to increase the company’s authorised capital by LTL 6750000 out of

additional contributions by issuing 6750000 shares at LTL 1 par. To authorise

the Board of the company to determine the procedure of payment for shares;

5) to amend paragraph 4.2 of the Articles of Association due to the share issue

of LTL 6750000;

6) to mortgage the company’s assets which account for 53.09% of the company’s

authorised capital for the loan of USD 4130thou (LTL 16520thou) provided

(refunded) by AB Vilniaus Bankas.;

7) to recall all members of the Supervisory Board;

8) to elect the following 5 persons members of the Supervisory Board:

Narinder Kumar G. Aswani, Urmas Reimand, K. S. Tripathi (representing 66.1% of

share votes), Genovaitė Urniežienė (representing state held shares, 18.95%),

and Gintautas Andriuškevičius.





G. Banaitis

Fin. Director, Chief Accountan

8(235) 77246