SNAIGE

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS’ MEETING



At 3 p.m. on 23 March 2002, a general shareholders’ meeting will take place at

the company’s conference hall at 6 Pramones St. in Alytus. Registration of

shareholders’ starts at 2 p.m.

On the agenda:

1) approval of the report of the company’s Management Board for 2001;

2) approval of annual financial statements;

3) appropriation of profit earned in 2001;

4) audit report for 2001;

5) transfer, mortgage or rent of long-term property, the total balance value of

which is larger than 1/20 of the company’s authorized  capital;

6) revocation of the decision regarding reduction of the company’s authorized

capital;

7) acquisition of the own  shares;

8) amendments to the Articles of Association by supplementing the list of the

company’s activities.





I.Stočkūnaitė

Head of the Budget Division

8 235 58229