MAZEIKIU NAFTA

MATERIAL EVENT



CONVOCATION OF THE EXTRAORDINARY SHAREHOLDER’S MEETING



On 3 July 2001, the Management Board of Mazeikiu Nafta AB decided to:

1) convoke an extraordinary meeting of Mazeikiu Nafta AB shareholders

at 11 a.m. on 6 August 2001 at 11 Naftininku St., in Mazeikiai;

2) approve the below stated draft agenda of the extraordinary

shareholders’ meeting which is to take place on 6 August 2001:

2.1. reduction of the authorised capital of Mazeikiu Nafta AB;

2.2. amendments to the Articles of Association of Mazeikiu Nafta AB;

2.3. increase of the authorised capital of Mazeikiu Nafta AB;

2.4. annulment of pre-emptive right of all shareholders of Mazeikiu Nafta AB

to acquire shares of the newly issued shares;

2.5. amendments to the Articles of Association of Mazeikiu Nafta AB due

to the . increase of the authorised capital;

2.6. current issues.





Tadas Augustauskas

Head of communications service

293-92608