VILNIAUS BALDŲ KOMBINATAS

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



At 3 p.m. on 28 March 2002, a general meeting of AB Vilniaus Baldu Kombinatas

shareholders was held at the company’s premises. The meeting resolved to:

1) approve report of the Director General on the company’s performance in 2001;

2) approve financial statements of 2001, recording net profit of LTL 169,976

earned during the accountable year, having heard reports of the internal

auditor and auditor. To use net profit for reduction of the loss incurred last

year.

3) Consider the issue regarding election of the company’s auditor for 2002 at

the following extraordinary general shareholders’ meeting.

4) Increase the loan margin to LTL 10 million for supplementing of working

assets by mortgaging some real estate.

5) Elect UAB Naukonsa the company’s internal auditor for 2002.





Juozas Maciulevičius

Chief financier

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