STUMBRAS

MATERIAL EVENT



CONVOCATION OF A GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



At 2 pm on 11 April 2003 a general meeting of the company’s shareholders will

be convened at K. Būgos st. 7, Kaunas.

Agenda:

1) the Board’s report on the company’s activity in 2002;

2) auditor’s conclusion concerning the company’s financial statements for 2002;

3) approval of the company’s financial statements for 2002;

4) distribution of the company’s profit of 2002.

The decision to convene the general meeting of shareholders was adopted by

the company’s Board.





L. Davainis

Senior lawyer

(370 37) 30 88 10