VILNIAUS BALDŲ KOMBINATAS

MATERIAL EVENT



CONVOCATION OF A GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



A general meeting of the company’s shareholders will be held at 3 pm, 3 April

2003 at the company’s premises addressed at Savanorių Av. 178, Vilnius.

The agenda includes:

1. The report of the Director General on the company’s activity in 2002.

2. Report of the internal auditor and audit conclusion.

3.Approval of the financial statements for 2002.

4.Distribution of 2002 profit.

5. Selection of an audit company and settlement of the remuneration conditions.

6.Election of the Supervisory Council members.

7.Concerning amendments to the by-laws of the company.





Gediminas Banaitis

Chief financier

(370 5) 252 57 20