LISCO BALTIC SERVICE

MATERIAL EVENT



PRELIMINARY RESULT FROM OPERATIONS FOR THE ACCOUNTING PERIOD



(Unofficial Translation Done at the NSEL)



LISCO BALTIC SERVICE AB announces sales of 2003, which amount to LTL

168 527 thousand, and a profit of LTL 4 898 thousand. The result corresponds

to the projected result. The profit gained exceeds that of 2002 because of

two major reasons, first, growth in sales was 16 %; second, better results

from operations in the subsidiaries; and third, minimised currency exchange

risk. The Board of LISCO BALTIC SERVICE AB has made a proposal to leave the

2003-year profit unappropriated.





Martynas Jonkus

Chief Legal Counsel

(+370-46) 393 631