MAZEIKIU NAFTA

MATERIAL EVENT



CONVOCATION OF THE EXTRAORDINARY SHAREHOLDERS’ MEETING



Following the decision of the Management Board of AB Mazeikiu Nafta, the

extraordinary meeting of AB Mazeikiu Nafta (code 6645172, headquarters at

Juodeikiai, 5526 in Mazeikiai district.) shareholders will take place at noon

19 June 2002 at the Cultural center of AB Mazeikiu Nafta at 11 Naftininku St.,

in Mazeikiai.

On the agenda:

1) approval of the new wording of Articles of Association (amendments to the

Articles of Association);

2) revocation of members of the Supervisory Board of AB Mazeikiu Nafta and

election of new members of the Supervisory Board of AB Mazeikiu Nafta.

3) Approval of AB Mazeikiu Nafta management plans (including business plan,

funding plan, capital expenses budget, and all appendices and supplements

thereof) and the obligation of the Management Board of AB Mazeikiu Nafta to

approve them;

4) Change of the audit company of AB Mazeikiu Nafta;

5) Current issues.





Tadas Augustauskas

Head of communications service

293-92608