PANEVEZIO PIENAS

MATERIAL EVENT



NINE-MONTH RESULT OF OPERATION IN 2002



(Unofficial translation done at the NSEL)



The unaudited nine-month result of operation of Panevezio Pienas AB in

2002 is a loss of LTL 1,417,285.





Gediminas Sargūnas

Director General

(370 45) 502064