SNAIGE

MATERIAL EVENT



CONVOCATION OF AN EXTRAORDINARY GENERAL MEETING



(Unofficial translation done at the NSEL)



On 4 August 2003, at 12, an extraordinary general meeting is convened at the

meeting hall of the company  (Pramonės st. 6, Alytus). If the quorum does not

form, a repeat extraordinary general meeting will take place on 4 August 2003,

at 2 pm.  Shareholders’ registration starts at 11 am. Participants should bring

a personal identification document and a statement of the personal securities

account intended for presenting at general meetings, or a notarized letter of

proxy.

 The agenda includes:

Regarding mortgaging, lease, transfer of the long-term assets or guaranteeing

of other persons’ obligations.

A repeat meeting would be held with the agenda of the non-held meeting.





Virginija Graudinienė

Finance Director

(370 315) 56205