2002.03.19, Klaipėdos jūrų krovinių kompanija, VLN

KLAIPEDOS JURU KROVINIU KOMPANIJA

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS’ MEETING



On 15 March 2002, on the basis of the Resolution No. 175-2002-10 of the

Management Board of AB Klaipedos Juru Kroviniu Kompanija, it was decided to

convoke the annual general shareholders’ meeting. The meeting will be held at 4

p.m. on 19 April 2002 at 18 J. Zauerveino St. in Klaipeda, Lithuania.

On the agenda:

1) report of the internal auditor (audit company) about the audit of the

company’s results of activity in 2001;

2) approval of financial statements of 2001;

3) approval of the appropriation of profit of 2001;

4) consideration of use of the profit earned in the current year;

5) consideration and approval of the report of the Management Board on the

economic and financial activity of the company in 2001;

6) election of an internal auditor (audit company) and establishment of his

remuneration;

7) approval of resolutions adopted by the Management Board during 2001 and

giving powers to the Management Board to dispose the company’s assets the total

value of which is larger than 1/20 of the authorized capital;

8) approval of voting results of the general shareholders’ meeting.





Karolis Grigalauskas

Secretary of the Manag. Board

(26) 399175