MAZEIKIU NAFTA

MATERIAL EVENT



AMENDMENTS TO THE DRAFT AGENDA OF THE EXTRAORDINARY MEETING



The Management Board of Mažeikių Nafta AB, following paragraph 5.14 of Chapter

5 of Work Regulations of the Management Board, adopted a decision to supplement

draft agenda of the extraordinary shareholders’ meeting, which is to take place

on 6 August 2001, with the following issues:

1.1. approval of the loan which will be granted to Mažeikių Nafta AB;

1.2. increase of the authorised capital of Mažeikių Nafta AB;

1.3. revocation of the pre-emptive right of shareholders of Mažeikių Nafta AB

to acquire shares of the new issue;

1.4. Amendments to the Articles of Association of Mažeikių Nafta AB due to the

increase of the authorised capital.





Tadas Augustauskas

Head of Communications Service

293-92608