PANEVEZIO PIENAS

MATERIAL EVENT



RESULT OF ACTIVITY WAS APPROVED BY THE MANAGEMENT BOARD



On 26 March 2002, the Management Board of AB Panevezio Pienas approved the

draft financial statements of 2001 audited by Deloitte & Touche. Net profit

of AB Panvezio Pienas, earned in 2001, is LTL 936thou.





Gediminas Sargūnas

Director General

8 (25) 502064