INVALDA

MATERIAL EVENT



CONVOCATION OF AN EXTRAORDINARY SHAREHOLDERS MEETING



(Unofficial translation done at the NSEL)



By decision of the Board, an extraordinary meeting of shareholders will be held

at 10 am, on 17 September  2003 at Seimyniskiu st. 3, Vilnius (2nd floor).

Registration is from 9 am till 10 am. Participants must bring along a statement

of account and an ID document. The agenda includes:

1.Regarding refusal of permit for operations of the holding company;

2.Regarding approval of Invalda AB Statutes.





Alvydas Banys

Vice President

(370 5) 279 06 91