SANITAS

MATERIAL EVENT



CONCERNING PROPOSAL TO ACQUIRE SHARES



(Unofficial translation done at the NSEL)



On 24 February 2003, the administration of Sanitas AB was informed that the

company’s shareholders owning 70.2 % of votes at the general meeting of

shareholders have agreed with close-ended company Baltijos Finansų

Vystymo Grupė UAB about sale of the shares owned by them. 

The offered bid price per share of Sanitas AB is LTL 4.08. The conclusion of

this transaction depends on a decision of the Competition Council. 

Upon concluding the transaction, Baltijos Finansų Vystymo Grupė UAB intends to

announce a mandatory non-competing tender offer, in compliance with the

respective regulations.





Rūta Milkuvienė

Lawyer

(370 37) 20 06 62