LIETUVOS ZEMES UKIO BANKAS

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS’ MEETING



(Unofficial translation done at the NSEL)



On Tuesday, 25 May 2003, at 9.00 a.m., an extraordinary general meeting

of Lietuvos Zemes Ukio Bankas AB shareholders will be held in the

hall on the 6th floor, at the bank’s headquarters at J. Basanaviaus St. 26,

in Vilnius.

On the agenda:

1. approval of the report of the Management Board on the Bank’s performance

in 2002;

2. auditor’s and internal auditor’s reports;

3. approval of financial statements for 2002;

4. approval of appropriation of profit earned in 2002;

5. approval of the Bank’s income and expenditure estimate for 2003;

6. selection of the Bank’s auditor for 2003 and remuneration for the audit

services provided;

7. change of the Bank’s name;

8. adoption of the new version of the Bank’s Statute.



Shareholders will be registered from 8.00 a.m. until 9.00 a.m.

Draft resolutions of the meeting and supplementary material will be accessible,

in accordance with the procedure stipulated in the law, at the Investment

Banking Department of Lietuvos Žemės Ūkio Bankas AB, at Vilniaus St. 28,

Vilnius, telephone (370-5) 239 74 39 or 239 74 98.





Imandra Daukšienė

Spokesperson to the press

(370-5) 239 34 13