EKRANAS

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



On 27 April 2001, a general shareholders’ meeting took place. At the meeting:

1) report of the Board for 2000 was approved;

2) financial statements for 2000 were approved;

3) appropriation account was approved;

4) the Board was authorised to conclude  transactions regarding sale, transfer,

rent or mortgage of a share of the company’s assets worth more than 1/20 of

the authorised capital as well as securing it as a guarantee or indemnity for

the period from 27 April 2001 until 27 April 2002;

5) audit company Arthur Andersen UAB was elected to carry out audit of

the company’s financial statements for 2001 and remuneration terms were

established;

6.1) it was decided to increase the authorised capital out of additional

contributions by LTL 23,018,440, from LTL 151,472,000 to LTL 174,490,440,

by issuing 4,603,688 ordinary registered shares at LTL 5 par.

6.2) it was established that issue price of the ordinary registered share

equals its par value, i.e. LTL 5;

6.3) all shareholders’ will not be granted the pre-emptive right to acquire

the newly issued shares;

6.4) upon request of the Management Board of AB “Ekranas”, approve a draft

agreement of share subscription, prepared by the Board, between AB “Ekranas”

and an investor;

7) amend paragraph 4.2. of the Articles of Association due to the decision to

increase the authorised capital;

8) shareholders allowed to mortgage the company’s assets under the loan

agreement of USD 9 million.





Angelija Zokaitienė

Head of the Investment Unit

8(25)436601