At the 6th Annual General Meeting where 67.17% of the share capital was present the Mercator shareholders:

1. adopted the proposed Annual Report for year 1999 and to the debit of business expenses appropriated to the members of the Supervisory Board a premium amounting to 10 net attendance fees per member;
2. adopted the proposed distribution of net profit for the financial year 1999 amounting to SIT 2,954,253,496.24, of which SIT 2,633,403,096.24 will be distributed to the reserves, and SIT 320,850,400.00 will be used to set up a fund for own shares for the purpose of offering shares to the Company's employees or employees of related companies whereat before the issue of offer for own share buyout the Management Board of the company is obliged to obtain the approval of the Company's Supervisory Board in which the Supervisory Board will define the share price and other conditions for Company's own share buyout;
3. as auditor for year 2000 was appointed the auditing company Pricewaterhouse Coopers, d.d., Ljubljana.
   

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