LINAS

MATERIAL EVENT



DECISIONS ADOPTED BY A GENERAL SHAREHOLDERS’ MEETING



On 11 April 2001, a general meeting of AB Linas shareholders’ took place.

At the meeting it was decided to:

1) approve report of the Board of AB Linas on the company’s activity in 2000;

2) consider conclusions of the auditor, when approving financial statements for

2000;

3) approve Balance sheet, Profit/Loss Statement, Cash Flow Statement, and notes

relating to the annual accounts;

4) approve appropriation of profit for 2000. To pay dividends of LTL 0.02 per

ordinary registered share at LTL 1 par. Payment of dividends will start on

1 May 2001. Dividends for legal entities will be paid by transfer.

Dividends for natural persons will be paid as follows:dividends for

shareholders – employees will be transferred into personal bank accounts;

dividends for other shareholders will be paid at the cach desk during its

working hours;

5) approve amendments to the Articles of Association;

6) elect Ramūnas Lenčiauskas, Vitoldas Martovičius, and Darius Šulnis members

of the Supervisory Board of AB Linas;

7) elect "Deloitte & Touch" auditor of AB Linas for a period of 4 years;

8) approve the Board’s decisions regarding mortgaged long and short term

assets. To authorise the Board, with the concert of the Supervisory Board, to

conclude transactions regarding sales, transfer, lease or mortgage of the

company’s  long-term assets worth more than 1/20 of the value of the authorised

capital, as well as securing it as a guarantee or indemnity against liabilities

of other entities.





Romualdas Mažylis

Spokesman to the press

8 25 506324