KAUNO TIEKIMAS

MATERIAL EVENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING



Unofficial Translation Done at the NSEL)



On 23 April 2004, the Annual General Meeting of Kauno Tiekimas AB shareholders

took place, which has resolved to:

1. Approve the Annual Report 2003 on the company’s performance.

2. Approve the independent auditor’s statement for 2003.

3. Approve the annual accounts of Kauno Tiekimas AB for 2003.

4. Approve the company’s profit (loss) appropriation for 2003.

5. Elect the firm of auditors Veraudita UAB auditor of the company for the

period of one year and approve the annual fee of LTL 5900 for audit services.

6. Approve the new wording of the Articles of Association of Kauno Tiekimas AB.

Authorize the company’s Director General, Irena Kebleriene, to sign the new

wording of the Articles of Association.





Irena Kebleriene

Director General

(+370- 37 ) 473744