LIFOSA

MATERIAL EVENT



CONVOCATION OF CREDITORS’ MEETING OF LIFOSA AB



At 10 a.m. on 5 September 2002, a meeting of the company’s creditors will take

place at the company’s conference hall.

On the agenda:

1) election of the Creditors’ Committee and its chairman;

2) transfer of rights of the creditors’ meeting to the Creditors’ Committee;

3) approval of work regulations of the Creditors’ Committee;

4) proposal of a candidate for the position of an administrator; approval of

provisions of the agreements and of the estimate of administration expenditures.





M.Gedvilas

Finance Director

8-687-24554