LIETUVOS ZEMES UKIO BANKAS

MATERIAL EVENT



CONVOCATION OF THE GENERAL SHAREHOLDERS' MEETING



On 28 September 2001 at 14.00 hours, an extraordinary general shareholders’

meeting of AB Lietuvos Zemes Ukio Bankas will be held at the main office

of the bank in Vilnius at J. Basanaviciaus 26.

On the agenda:

1. selection of an auditor for AB Lietuvos Zemes Ukio Bankas and its daughter

companies as well as establishment of payment conditions for the audit services;

2. sale of long-term fixed assets of AB Lietuvos Zemes Ukio Bankas;

3. other issues.

The registration of the shareholders starts at 13.00 hours.

Shareholders are to have identification documents and statement of their

securities’ account confirming ownership of their shares.

Shareholders, who cannot participate in the meeting, have a right, according to

an established order, to authorise other person to represent their interests

or to inform in writing about their vote (“for” or “against”) for each of the

questions on the agenda of the meeting.

Documents related to the agenda of the extraordinary shareholders’ meeting

are available 7 days prior the meeting at the financial brokerage department

of AB Lietuvos Zemes Ukio Bankas (Vilniaus 18, Vilnius), tel. (8-22) 393268.





Imandra Daukšienė

Representative to the media

23 90 00