ALYTAUS TEKSTILE

MATERIAL EVENT



ADOPTED DECISIONS OF A SHAREHOLDERS’ MEETING



On 28 February 2001, an extraordinary shareholders’ meeting took place.

At the meeting, the following decisions were adopted:

1) mortgage the company’s long-term assets constituting 2.6% of the value of

the authorised capital to AB Bankas Snoras for the loan of LTL 4m;

2) mortgage the company’s long-term assets constituting 12.6% of the value of

the authorised capital to Finance Ministry of the Republic of Lithuania for the

loan obtained in 1995;

3) not to consider the issue on the decrease of the authorised capital;

4) recall the Supervisory Board;

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

Narinder Kumar Aswani, Sajen Aswani, K. S. Tripathi (representing 67.79%),

Genovaitė Urniežienė (representing 18.00% of the state-held shares);

Gintautas Andriuškevičius;

6) not to consider the issue on amendments to the Articles of Association;

7) authorise the company’s Board to form a commission to lead negotiations

with the managers of GNSB “Žara” and “Sodžius” and individial persons regarding

conclusion of peace contracts in civil cases following the bill of particulars

of AB "Alytaus tekstilė".





G. Banaitis

Finance Director

8(235) 77246