Mazeikiu Nafta AB

Company event



Decisions of the AGM of Mazeikiu Nafta AB held on April 29



The annual general meeting of shareholders of Mazeikiu Nafta AB decided:

1. To take into account the Auditor's Report when approving the 2004 financial

statements of Mazeikiu Nafta AB and the report on the activities of the company

in the 2004 financial year.

2. To take into account the opinion and recommendations of the Supervisory Board

of Mazeikiu Nafta AB concerning the financial statements of the company for the

year 2004 and the report on the activities of the company in 2004.

3. To approve the report prepared by the board of the company on the activities

of Mazeikiu Nafta AB in the 2004 financial year.

4. To approve the financial statements of Mazeikiu Nafta AB for the year 2004.

5. To approve the 2004 profit appropriation of Mazeikiu Nafta AB, according to

which LTL 34 782 345 (thirty four million seven hundred eighty two thousand

three hundred and forty five) are allocated to the legal reserve, LTL 247 608

946 (two hundred forty seven million six hundred and eight thousand nine hundred

and forty six) are allocated for the payment of dividends, and the

unappropriated profit, i.e. LTL 409 132 607 (four hundred and nine million one

hundred and thirty two thousand six hundred and seven), is brought forward to

the next financial year.

6. To establish a remuneration for audit services to be rendered to the company

in 2005 by the firm of auditors "PriceWaterhouseCoopers" in the amount of LTL

845 000 (eight hundred forty five thousand).





Giedrius Karsokas

Head of the Communication Unit

(+370 443) 92608