Vilniaus Vingis AB 			Stock Exchange Release 		15.12.2005 



Decisions of the Board of Vilniaus Vingis AB



Vilniaus Vingis AB took the following decisions at the Board’s meeting

of the 13 December 2005:



1) To purchase all 4,806,453 newly issued by Vilniaus Vingio Gija UAB ordinary 

registrated shares par value 1 Litas. The price of the emmision equals to the

nominal value of the shares. Value of the newly issued by Vilniaus Vingio Gija UAB 

shares shall be covered by non-money expressed contribution. Non-money contribution 

is the long-term movable property and the software assigned by Vilniaus Vingis AB to 

Division Gija of Vilniaus Vingis AB. Book value of the non-money expressed contribution

as of 31 October 2005 amonted to LTL 4,479,684 (EUR 1,297,406). The non-money contribution

value is the amount determined by the property estimators of Corporation Matininkai UAB 

at LTL 4,806,453 (EUR 1,392,045). By this non-money expressed contribution Vilniaus Vingis AB

reimburses the price of the ordinary registrated shares of Vilniaus Vingio Gija UAB,

the nominal value and the emmission value of which amount to: LTL 4,806,453 (EUR 1,392,045);





2) To purchase all 2,513,647.newly issued by Vilniaus Vingio Mechanika UAB ordinary 

registerated share par value 1 Litas. The price of the emmision is equal to the nominal value 

of the shares. Value of the newly issued by Vilniaus Vingio Mechanika UAB shares shall be 

covered by non-money expressed contribution. Non-money contribution is the long-term movable 

property and the software assigned by Vilniaus Vingis AB to Division Įrankių Gamyba and 

Division Maga of Vilniaus Vingis AB. Book value of the non-money expressed contribution as of

31 October 2005 amonted to LTL 2,491,194 (EUR 721,500). The non-money contribution value is 

the amount determined by the property estimators of Corporation Matininkai at LTL 2,513,647

(EUR 728,002). By this non-money expressed contribution Vilniaus Vingis AB reimburses the price 

of the ordinary registrated shares of Vilniaus Vingio Gija UAB, the nominal value and the 

emmission value of which amounts to: LTL 2,513,647 (EUR 728,002);



3) To transfer activity of Vilniaus Vingis AB Division Įrankiu gamyba to the Daughter Company 

Vilniaus Vingio Gija UAB from the 1st  January 2006;



4) To transfer activity of Vilniaus Vingis AB Division Įrankių Gamyba and Division Maga to 

the Daughter Company Vilniaus Vingio Mechanika UAB from the 1st  January 2006;



5) To transfer the movable longterm property  and the software assigned to the Division Gija 

at the value LTL 4,806,453 (EUR 1,392,045) (the value determined by Corporation MatininkaiUAB)

to the Daughter Company Vilniaus Vingio Gija UAB from the 1st January 2006.



6) To transfer the movable longterm property  and the software assigned to the Division 

Įrankių Gamyba and Division Maga at the value LTL 2,513,647 (EUR 728,002)(the value determined 

by Corporation Matininkai UAB)to the Daughter Company Vilniaus Vingio Mechanika UAB from the 1st

January 2006.



7) To lease the belonging to Vilniaus Vingis AB by property right movable property to 

the Daughter Company Vilniaus Vingio Gija UAB and to the Daughter Company Vilniaus Vingio 

Mechanika UAB to provide their activities from the 1st January 2006.





Vaclovas Šleinota 

General Director 

(+370 5) 239 25 00