EGLES SANATORIJA AB

MATERIAL EVENT



CONVOCATION OF THE ANNUAL GENERAL  MEETING OF SHAREHOLDERS



(Unofficial Translation Done at the NSEL)



On 18 March 2004, at 11 a.m., an annual general shareholders’ meeting will be

held in the Company’s premises at 1 Egles St., Druskininkai. The meeting will

take place in the conference hall of Zilvinas sanatorium, Building 2. The

following issues are on the agenda of the meeting:

1. Election of the Company’s firm of auditors and determination of remuneration

for audit services.

2. Approval of the Company’s Report for 2003.

3. Statement of the firm of auditors about the Company’s annual accounts.

4. Approval of the Company’s annual accounts for 2003.

5. Approval of the Company’s profit distribution for 2003.

6. Setting up a reserve for buying up own shares.

7. Approval of the new wording of the Company’s Articles of Association.

8. Concerning approval of preparation of conditions for the Company’s

reorganisation.





Lina Kersnauskiene

Chief Financier

(+370 - 313) 60223