Panevezio statybos trestas AB		Stock Exchange Release	        16.12.2005



Multipurpose Arena in Siauliai



Panevezio statybos trestas AB, has been signed an agreement  to perform

Multipurpose Arena reconstruction

works in Siaulia. Reconstruction works are expected to be started in December

this year and completed  in spring of 2007.

The value of this project will amount to more than 63.4 million litas.





Alanas Levinas

Chief Economist

(+370-45) 505508