STUMBRAS

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



At the general shareholders’ meeting the following decisions were adopted:

1) the Board’s report on the company’s economic and financial activity in

2000 was approved.

2) Audit report on financial statements for 2000 was heard.

3) Financial statements for 2000 were approved.

4) Profit appropriation for 2000 was approved.

5) The following amendments and supplements to the Articles of Association

were approved: to supplement Chapter 2 “Economic Activities” with paragraphs

2.1.19., 2.1.20., and 2.1.21.

“2.1.19. Dehydrated denatured ethanol for use as a raw material for manufacture

of fuel (22.07)

2.1.20. Dregs and waste from manufacture of alcoholic drinks (19.56)

2.1.21. Mixed feeds for farm animals (15.71)”.

To amend paragraph 10.2. of Chapter X and to read it as follows:

“10.2. Only a capable natural person may be appointed a Board member.”

6) Pursuant to Resolution No 301 “Regarding partial amendment to the

 Resolution No. 577 “Regarding Supervisory Boards of special purpose companies

Stumbras, Alita, Anykščių Vynas, and Vilniaus Degtinė” of the Government of

the Republic of Lithuania as of 23 May 2000“ of the Government of

the Republic of Lithuania as of 16 March 2001, to recall J. Yla and

R. Lygis from the Supervisory Board and to elect the following persons members

of the Supervisory Board:

Chairman – A. Stankaitienė, advisor to the Prime Minister of the republic of

Lithuania;

Deputy chairman – G. Buinevičius, Kaunas district manager;

Members – A. Gabalis, Head of the Operative control Unit of the State Tax

Inspectorate, Kaunas district;

I. Adomaitytė, head of the Grain Unit of the Agriculture development and Food

Department of the Ministry of Agriculture of the Republic of Lithuania.





S. Stupakovienė

Manager of economic analysis

8(27) 308841