26.02.2003, Klaipėdos jūrų krovinių kompanija, VLN

KLAIPEDOS JURU KROVINIU KOMPANIJA

MATERIAL EVENT



CONVOCATION OF A GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



By decision of the Board of Klaipėdos Jūrų Krovinių Kompanija AB of 21 February

2003, a general meeting of the company’s shareholders will be convened on 3

April 2003, at 2 pm at the company’s premises in J.Zauerveino st.18, Klaipėda.

Registration starts at 1 pm.

The agenda includes:

1.The report of the Director General on the company’s economic and financial

activity in 2002.

2.Approval of the work regulations of the internal auditor who has conducted

audit of the company’s activity in 2002.

3.Report of the internal auditor (audit company) on the audit of the company’s

activity in 2002.

4.Approval of the financial statements of the previous business year.

5.Approval of the distribution of the previous business year’s profit (loss).

6.Consideration of the utilization of the current year’s profit (loss).

7.Report of the Board Chairman. Consideration and approval of the report of

the Board on the company’s economic and financial activity in 2002.

8.Election of an internal auditor (audit company) for 2003 and settlement of

the remuneration conditions.

9.Removal of the Board from office. 

10.Election of the Board members.

11.Approval of the resolutions of the Board adopted in 2002.

12. Authorization of the Board to buy, sell, mortgage or utilize in any other

way the company’s assets with a total annual value exceeding   1/20 share of

the company’s authorized capital.

13.Approval of the voting results of the shareholders meeting.

14.Other issues.





Gitana Greičiutė

Secretary of the Executive Manager

(370 46) 399175