STUMBRAS

MATERIAL EVENT



REGARDING FINANCIAL STATEMENTS FOR Q1, 2001



Report of SPAB Stumbras on the economic and financial activity of the company

during the first quarter of 2001 is temporarily suspended due to

the implementation of automated administration system Concorde XAL.

Financial statements will be presented until 21 May 2001.





S.Stupakovienė

Manager of economic analysis

8 (27) 308841