SNAIGE

MATERIAL EVENT



CONVOCATION OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS



(Unofficial Translation Done at the NSEL)



The meeting of the Board, held on 11 May 2004, adopted the resolution to

convene the Extraordinary General Meeting (EGM) of the company’s shareholders.

The EGM will be held on 18 June 2004, at 3 p.m. On the agenda:

 1. Changing of the nominal value of the company’s shares (changing of the

nominal value of one ordinary registered share from LTL 15 (fifteen) to LTL 1

(one) Lt);

 2. Power granting to perform all actions in connection with the changed

nominal value of the shares and the share re-registration;

 3. Adoption of the new wording of the company’s Articles of Association in

connection with the changed nominal value of the shares;

 4. Election of the shareholder authorised to sign the amended Articles of

Association.



The meeting will take place in the company’s premises at 6 Pramones St., Alytus.

The shareholders are registered from 2.00 p.m. to 2.50 p.m.

Persons holding shares in the company at the close of the registration day of

the EGM (11 June 2004) have the right to participate at the meeting. A personal

ID or a proxy has to be presented upon registration.





Giedrius Barysas

Director General

(+370 315) 56200