LINAS

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS' MEETING



On 16 March, 2000 the sitting of AB Linas Board decided to hold a general

meeting of AB Linas shareholders. The meeting will take place at 12am on 19

April, 2000 at the assembly hall of AB Linas at 23 S.Kerbedžio St, in

Panevźžys. In case the meeting is

not held, the repeated meeting will be called at 12am on 20 April, 2000.

The agenda of the meeting remains in force.

On the agenda:

1) report of the Board on the company's activity in 1999 and approval of the

   report;

2) audit report regarding financial statements of 1999;

3) approval of annual financial statements;

4) approval of profit distribution;

5) regarding sales, lease, transfer,mortgage of the company's long term aassets

   and indemnity or guarantee;

6) amendments to the company's Articles of Association;

7) regarding the buying-up of company's shares;

8) other issues.





Lina Semėnaitė

Information specialist

(22) 72 18 58