VILNIAUS VINGIS

MATERIAL EVENT



CONCERNING DIVIDENDS FOR 2002



Unofficial translation done at the NSEL)



The meeting of the Board of Vilniaus Vingis AB held on 10 February 2003

adopted a decision to propose to the general meeting of the company’s

shareholders, which will be held on 22 March 2003, adopting the following

resolution:

To pay out for the activity of 2002 dividends of LTL 1.25 per LTL 4 nominal

value ordinary registered share of Vilniaus Vingis AB.





Ramūnas Pelanis

Department head

(370 5) 2392711