VILNIAUS DEGTINE

MATERIAL EVENT



PRELIMINARY ACTIVITY RESULT FOR THE 1ST QUARTER OF 2003



(Unofficial translation done at the NSEL)



Preliminary and pre-audit activity result for the 1st quarter of 2003 is

net profit of LTL 155 thousand.





Raimonda Palionienė

Chief financer

(370 5)213 3152