ALITA

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS' MEETING



At 1pm on 30 March, 2000 the general meeting of AB Alita shareholders will

take place at the companys' assembly hall at 17 Miļkininkų St, in Alytus.

On the agenda:

1) election of the person  authorised by the meeting to sign the minutes;

2)report of the Board for 1999 and approvement of the report;

3) report of the auditor (internal auditor) and conclusions about annual

 financial statements;

4)approval of annual financial statements  and profit distribution;

5) allocation of aid and charity;

6)consideration and approval of the project of supplements and amendments

to the Articles of Association;

7) authorisation of the Board to dispose of company's long-term assets

that equal more than 1/20 of the authorised capital value.





Lina Semėnaitė

Information specialist

(22) 72 18 58