KAUNO ENERGIJA

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS' MEETING



At 12pm, on 24 March, 2000 the extraordinary general meeting of SPAB Kauno

Energija shareholders will be held at the company's assembly hall at 86A

Raudondvario pl., in Kaunas.

On the agenda:

1) establishment of the closed company subsidiary of SPAB Kauno Energija and

   other related issues;

2) authorise the Board of SPAB Kauno Energija regarding establishment of a

   closed company subsidiary;

3) authorise the Board of SPAB Kauno Energija to transfer the company's 

   long-term assets which are not related with the main activity and which

   value exceeds 1/20 of the authorised capital of SPAB Kauno Energija;

   other related issues.





Lina Semėnaitė

Information specialist

(22) 72 18 58