28.02.2003, Limarko laivininkystės kompanija, VLN

KLAIPEDOS TRANSPORTO LAIVYNAS

MATERIAL EVENT



CONCERNING CONVOCATION OF A GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



The meeting of the Board held on 28 February 2003 adopted a decision to convene

a general meeting of shareholders of Klaipėdos Transporto Laivynas AB at 2 pm,

on 4 April 2003 and to include the following issues into the agenda:

1.Approval of the activity report of Klaipėdos Transporto Laivynas AB.

2.Auditors report on the financial statements for 31 December 2002.

3.Approval of the company’s financial statements for 2002.

4.Distribution of the company’s profit (loss).





Vilma Kersnauskienė

Lawyer

(370 26) 340575