MAZEIKIU NAFTA

MATERIAL EVENT



PRELIMINARY ACTIVITY RESULT OF MAŽEIKIŲ NAFTA AB FOR THE 1ST QUARTER OF 2003



(Unofficial translation done at the NSEL)



The company’s preliminary pre-audit profit for the 1st quarter of 2003

according to the US GAAP is LTL 115 813 000.





Giedrius Karsokas

Head of the Communications Unit

(370 443) 92608