STUMBRAS

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS' MEETING



(Unofficial translation done at the NSEL)



At 2 p.m. on 20 December 2002, the extraordinary general shareholders' meeting

will be held at the company's premises at K. Bugos St. 7, in Kaunas.

On the agenda:

1. approval of the new wording of the Articles of Association;

2. revocation of members of the Council of Observers;

3. election of members of the Council of Observers;

4. permit for members of the managing bodies of Stumbras AB to be members of

managing bodies in companies with the similar core activity or in the companies

that continue the production or service process and realisation of production

of Stumbras AB;

5. revocation of the auditor;

6. election of the audit company and establishment of remuneration terms for



audit services.





S. Stupakovienė

Manager of Economic Analysis

(370 37) 308841