LIETUVOS ELEKTRINĖ

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS' MEETING



(Unofficial translation done at the NSEL)



On 14 November 2002, the Management Board of Lietuvos Elektrine AB,

with regard to the fact that the Government has not adopted any decision

regarding the transfer of a share of assets to Elektrenai Municipality,

decided to shift the shareholders’ meeting, which was to be held on

29 November 2002, to 19 December 2002. The meeting will take place at 11 a.m.

at the company's premises (Elektrines g. 21, in Elektrenai).

Registration starts at 9 a.m.

On the agenda:

1) reduction of the authorised capital due to the transfer of a share of

assets to Elektrenai municipality, by reducing the number of the state-owned

shares by the amount equal to the value of transferred assets;

2) amendments to the Articles of Association due to the reduction of

the authorised capital;

3) approval of the audit firm.





Rolandas Jankauskas

Senior Financier

(370 528) 33 743