Alytaus Tekstile AB		        Stock Exchange Release     	           14-12-2005



Decisions of the extraordinary general meeting of shareholders dated December 14, 2005



ALYTAYS TEKSTILE AB, company code 149698775, address: Pramones g. 1,

LT-62175, Alytus



1. CONSIDERED: Regarding selling of long-term assets.

1.1. To approve selling of the long-term assets.

2. CONSIDERED: Regarding buying of long-term assets by installments.

2.1. To approve buying of long-term assets by installments.

3. CONSIDERED: Regarding reduction of the statutory capital.

3.1. To reduce the statutory capital by LTL 57440839 by

way of canceling 57440839 ordinary shares of LTL 1 by nominal value in order

to eliminate losses given in the balance sheet in the amount of LTL

57440839. The number of shares will be reduced for all the shareholders in

proportion to the number of shares by nominal value owned by them in the

company at the end of the day of registration of the amended Statutes in the

Register of Legal Persons. 

4. CONSIDERED: Regarding increase of the statutory capital.

4.1. To increase the statutory capital of ALYTAUS

TEKSTILE AB by additional contributions, the total value of which is LTL

7542624, by issuing ordinary registered shares of LTL 1 by nominal value.

4.2. To set the time limit of 14 days for the shareholders to acquire by

the right of pre-emption the shares after the day of the publication of the

Register of Legal Persons. The shareholders can acquire the shares issued by

the company by the right of pre-emption in proportion to the nominal value

of shares owned by them on the day of the General Meeting which adopted the

decision to increase the statutory capital by additional contributions.

4.3. To determine the issue price of one share to be equal to the

noiminal value of 1 (one) Litas.

4.4. To Commission the Board of ALYTAUS TEKSTILE AB to lay down the

procedure for the offering of the shares.

4.5. When not all the shares are subscribed for within the period

intended for share subscription, to entitle the Board to increase the

statutory capital by the total nominal value of the subscribed shares and

make relevant amendments to the amount of the statutory capital and the

number of shares.

5. CONSIDERED: Regarding amendments to the Statutes.

5.1. After the reduction of the statutory capital to

amend items 12 and 13 of section IV of the Statutes of ALYTAUS TEKSTILE AB

and set them forth as follows: 

“12. The statutory capital of the company is equal to LTL 46504972 (forty

six million five hundred and four thousand nine hundred and seventy two).”

“13. The statutory capital of the company is divided into 46504972 (forty

six million five hundred and four thousand nine hundred and seventy two)

ordinary registered shares of 1 (one) Litas by nominal value.”

5.2. To authorize Albinas Jasiulevicius, General director of ALYTAUS

TEKSTILE AB to sign the amended Statutes regarding the reduction of the

statutory capital and place them for registration according to the procedure

prescribed by law to the Register of Legal Persons.

5.3. After the increase of the statutory capital, to amend items 12 and

13 of section IV of the Statutes of ALYTAUS TEKSTILE AB  and set them forth

as follows:

“12. The statutory capital of the company is equal to LTL 54047596 (fifty

four million forty seven thousand five hundred and ninety six).”

“13. The statutory capital of the company is divided into 54047596 (fifty

four million forty seven thousand five hundred and ninety six) ordinary

registered shares of 1 (one) Litas by nominal value.”

5.4. To authorize Albinas Jasiulevicius, General director of ALYTAUS

TEKSTILE AB to sign the amended Statutes regarding the reduction of the

statutory capital and place them for registration according to the procedure

prescribed by law to the Register of Legal Persons.

6. The notice is not confidential.

7. Additional information on the material event will be provided by General

Director A.Jasiulevicius, tel.+370 315 57357.



Unofficial translation done by VSE