ALYTAUS TEKSTILE

MATERIAL EVENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS



(Unofficial Translation Done at the NSEL)



On 30 April 2004, at 1 p.m. the Annual General Shareholders’ Meeting of

Alytaus Tekstile AB (enterprise code 4969877) was held at 1 Pramones St.,

Alytus, LT-62501. The meeting resolved to:

1. Approve the company’s Annual Report 2003.

2. Take into consideration the auditor’s opinion and the auditor’s statement

when approving annual accounts for 2003.

3. Approve the annual accounts for 2003.

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

a) profit (loss) brought forward from the previous year at beginning of the

financial year: LTL 73 953 345;

b) net profit (loss) of the financial year: LTL 7 138 693;

c) total profit (loss) to be appropriated: LTL 81 092 038;

d) transfers from the reserves: LTL 1 365 164;

e) shareholders’ contributions against losses: LTL 0;

f) total profit(loss) to be appropriated: LTL 79 726 874:

i.appropriation of profit to the legal reserve: LTL 0;

ii.appropriation of profit to the reserve to acquire own shares: LTL 0;

iii.appropriation of profit to other reserves;

iv.appropriation of profit for the payment of dividend;

v.share of the profit appropriated for the payment of annual bonuses for the

Board and Supervisory Board members, incentives for workers and other purposes:

LTL 0;

g) profit (loss) to be carried forward to the next financial year: LTL

79,726,874.

5. Elect the firm of auditors, Deloitte & Touche, as the auditor to carry out

audit of the company’s annual accounts for 2004 and 2005.

6. Authorise the company’s Board to adopt resolutions concerning sale of the

redundant long-term assets;

7. Pledge long-term assets in the amount of 29 % of the authorised capital to

Vilniaus Bankas AB for the extension of the loan period.





A. Jasiulevicius

Acting Director General

(+370 315) 57 357