LINAS

MATERIAL EVENT



CONVOCATION OF A GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



On 6 March 2003, a meeting of the Board of Linas AB was held, which decided to

convene a general meeting of the company’s shareholders.  The meeting will be

held at 12pm, on 7 April 2003, in the meeting hall of Linas AB at S.Kerbedžio

st. 23, Panevėžys. In case the meeting does not take place, a repeat meeting

will be held on 8 April 2003, at 12 pm at the same address following the same

agenda.

AGENDA:

1. The report of the Board on the company’s activity in 2002 and its approval.

2. Audit conclusion concerning the financial statements for 2002.

3. Approval of the financial statements for 2002.

4. Approval of the distribution of profit (loss) of 2002.

5. Approval of changes to the by-laws.

6. Removal of the management from the post.

7. Election of the management.

8. Concerning selling, renting, transfer, pledging or mortgaging of the

long-term assets.

9. Concerning a further utilization of the dyeing and decoration unit

undergoing construction.





Romualdas Mažylis

Press officer

(370 45) 506324