MAZEIKIU NAFTA

MATERIAL EVENT



ON 24 NOVEMBER 2003, MAZEIKIU NAFTA AB ACQUIRED A 15% HOLDING IN UOTAS UAB



(Unofficial translation done at the NSEL)



On 24 November 2003, Mazeikiu Nafta AB signed a share sale and purchase

contract with Uotas UAB. Currently Mazeikiu Nafta AB holds 100% of Uotas UAB

shares.





Giedrius Karsokas

Head of Communications Unit

(370 443) 92608