LIETUVOS ZEMES UKIO BANKAS

MATERIAL EVENT



PRE-AUDIT ACTIVITY RESULT OF LŽŪB AB FOR THE FIRST QUARTER OF 2003



(Unofficial translation done at the NSEL)



Pre-audit activity result of Lietuvos Žemės Ūkio Bankas AB for the first

quarter of 2003 is net profit of  LTL 8 751  thous. The result of the first

quarter of 2002 was  net profit of LTL 343 thous.





Imandra Daukšienė

Press officer

(370 5) 2393 413