ALYTAUS TEKSTILE

MATERIAL EVENT



CONVOCATION OF AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



An extraordinary general meeting of the company’s shareholders will take place

at 1 pm, on 14 March 2003, in the meeting hall of ALYTAUS TEKSTILĖ AB,

at Pramonės str.1, LT-4580 Alytus, 4th floor (room 403).

Registration starts at 11.30 am and ends at 12.30 pm.

The agenda includes:

1.Pledging of the assets.

2.Sale of the assets.

3. Revocation of the Supervisory Council.

4.Election of the Supervisory Council.  

5.Approval of the new version of the company’s by-laws.

6.Increase of the authorized capital by issuing a new issue.

7.Adoption of a resolution to renounce the right of all shareholders to

acquire shares issued by the company on pre-emptive basis.





Edgaras Kateiva

Finance Director

(370 315)  57 334