MAŽEIKIŲ ELEKTRINĖ

MATERIAL EVENT



CONVOCATION OF THE GENERAL SHAREHOLDERS’ MEETING



(Unofficial translation done at the NSEL)



On 25 March 2003 the company’s Board adopted a decision to convene on 29 April

2003 at 12 p.m. a general meeting of shareholders of Mažeikių Elektrinė AB at

the company’s premises (Juodeikių village, Mažeikiai district). Registration

starts at 11 a.m.

Agenda includes:

1. Approval of the report on the company’s activity in 2002.

2. Auditor’s report on the audit of the company’s financial statements for

2002.

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

4. Regarding signing of a contract with the audit firm Rezultatas UAB for the

audit of the company’s financial statements for 2003 and settlement of the

remuneration terms.

5. Profit distribution.

6. Approval of the borrowing need for 2003.





Antanas Dagys

Head of the Economics and Personnel Department

(370 443) 97 255