MAZEIKIU NAFTA

MATERIAL EVENT



TRANSFER OF THE ACCOUNTING OF SECURITIES TO THE INTERMEDIARY OF PUBLIC TRADING

IN SECURITIES



From December 31, 2003 AB "Mažeikių nafta" transfers management

of the accounting of securities issued by the Company to Corporate

Operations and Securities Services Department of AB "Vilniaus bankas".





Giedrius Karsokas

Head of Communications Department

8 443 92608