ALYTAUS TEKSTILE

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



At 1 p.m. on 30 April 2001, a general shareholders’ meeting took place.

At the meeting it was decided to:

1) approve the Board’s report on 2000;

2) approve audit report;

3) approve report of the company’s Supervisory Board;

4) approve the company’s financial statements: balance sheet, profit (loss)

statement, cash flow statement, and notes;

5) approve appropriation account for 2000;

6) elect Deloitte and Touche for a period of one year;

7) reduce the company’s authorised capital by the loss of LTL 21,000,000

recorded in the balance sheet by proportionally reducing the number of shares;

8) approve the amended paragraph 4.2. of chapter 4 of the Articles

of Association which reads as follows: the authorised capital equals

LTL 84,462,726.





Gediminas Banaitis

Finance director

8 235 77246