INVALDA

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS’ MEETING



At 10 p.m. on 25 April 2002, a general meeting of the holding company Invalda

(company code 2130434) shareholders will be held at 3 Seimyniskiu St.(second

floor), in Vilnius. Shareholders will be registered from 9 a.m. until 10 a.m.

Draft agenda:

1) report on the company’s activity in 2001;

2) audit conclusion;

3) approval of financial statements of 2001;

4) profit appropriation;

5) remuneration for audit services and election of audit company;

6) amendments to the Articles of Association;

7) sale, transfer, rent or pledge of the share of the company’s long-term

assets.





Alvydas Banys

Vice President

79 06 91