SANITAS

MATERIAL EVENT



CONVOCATION OF AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS



On initiative of the Supervisory Board and by decision

of the General Director an extraordinary general meeting

of shareholders is convened on 12 November 2003, at 10 a.m.

in the meeting hall of Sanitas AB office premises (Kaunas,

Vytauto street 3).

The agenda includes:

1. Reorganization of Sanitas AB and Baltijos Finansu Vystymo

Grupe UAB, which is being reorganized to AB.

2. Approval of the reorganisation plan of Sanitas AB and

Baltijos Finansu Vystymo Grupe UAB, which is being reorganized to AB.

3. Approval of appraisal of the assets of Sanitas AB and

Baltijos Finansu Vystymo Grupe UAB, which is being reorganized to AB.

4. Approval of the new version of the Articles of Association

of Sanitas AB.

5. Granting of authorization to sign documents and perform

other actions in the course of reorganization of Sanitas AB and

Baltijos Finansu Vystymo Grupe UAB, which is being reorganized to AB.





Rūta Milkuvienė

Head of the Legal and general issues department

(37) 20 06 62