LIETUVOS ELEKTRINĖ

MATERIAL EVENT



CONCERNING THE BOARD’S PROPOSAL TO PAY DIVIDEND



The company’s Board has decided to propose shareholders at the Annual General

Meeting of Lietuvos elektrine AB to be held on 28 April 2004 to declare dividend

in the amount of LTL 0.0528 per share.





Rolandas Jankauskas

Chief Financier

(+370 528) 33 743