INVALDA MATERIAL EVENT DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING On 25 April 2002, a general meeting of the holding company Invalda shareholders took place (register code 2130434, 3 Seimyniskiu St., in Vilnius). Having heard the report of the Management Board on the performance of the company in 2001 and the conclusion of the audit company UAB Auditas, the shareholders’ meeting approved the report on the performance in 2001, approved transactions concluded by the company, financial statements, and profit appropriation. The general shareholders’ meeting decided not to pay dividends for the year 2001. The general shareholders’ meeting elected the audit company UAB Auditas to conduct the audit in 2002 ad established the remuneration. The meeting approved amendments to the Articles of Association; reduced the number of Board members from four to three, and established that announcements about convocation of a general shareholders’ meeting and notices to shareholders and other interested persons are to e announced in the dailies Lietuvos Rytas and Verslo Zinios. The meeting adopted decisions regarding sale of the company’s long-term assets. Alvydas Banys Vice President 79 06 91
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