INVALDA

MATERIAL EVENT



REGARDING ADMINISTRATION OF IMMOVABLE PROPERTY



(Unofficial translation done at the NSEL)



At the meeting of the Management Board as of 24 October 2002, it was

decided to transfer the company’s immovable property to Invalda Real Estate UAB

to administrate it.





Alvydas Banys

Vice President

(370 5) 279 06 91