APRANGA

MATERIAL EVENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING



(Unofficial Translation Done at the NSEL)



ON 30 April 2004, the Annual General Meeting of Apranga APB shareholders

was held. The shareholders:

1. Approved the company’s Annual Report 2003.

2. Approved the auditor’s statement.

3. Elected Bendrovės UAB Deloitte&Touche as the company’s auditor for 2004;

established payment for the audit services in the amount of LTL 70 000.

4. Unanimously approved the annual accounts for 2003 and the profit

appropriation for 2003. The shareholders decided to pay dividend in the

amount of LTL 0.20 per share.

5. Adopted the resolution to issue corporate bonds for the total amount

of LTL 7m at 4 per cent annual interest.

6. Approved the new wording of the Articles of Association.

7. Elected Algimantas Variakojis, project manager of Finasta FMI, member

of the Board.





Saulius Bacauskas

Finance and Economy Director

(+370-5) 239 08 43