LIFOSA

MATERIAL EVENT



CONVOCATION OF A GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



A general meeting of shareholders of Lifosa AB will be held at 2 pm,

on 17 April 2003 at the premises of the company (Juodkiškio st. 50,

Kėdainiai).

The agenda of the meeting:

1. The Board’s report on the company’s activity in 2002.

2. Auditor’s conclusion.

3. Approval of the profit distribution.

4. Approval of the annual financial statement.

5. Concerning sale, transfer, mortgaging, renting, and retiring of the

company’s long-term assets.

6. Concerning decrease of the authorized capital.

7. Approval of changes to the company’s by-laws.

8. Revocation of the Board members and election of new members.

9. Other issues.





Regvita Ivanovienė

Finance Director Deputy

(370 347) 66 331