GRIGISKES

MATERIAL EVENT



RESULTS OF ACTIVITY DURING JANUARY-FEBRUARY 2003



(Unofficial translation done at the NSEL)



The company’s sales and services during the two first months of this year

amounted to LTL 11.8 million. Compared with the corresponding period last

year,  the sales grew by 26.9 percent. Sales of this February totaled to LTL

5.6 million, i.e.  30.2 percent more than in February last year.

The profit of Grigiškės AB in January-February 2003 amounted to LTL 809

thousand, which is nearly 7 times more than in the last year’s corresponding

period (LTL 118 thousand). This February, the company earned profit of LTL 326

thousand, or 5.4 times more than in February  2002.





Gintautas Pangonis

Director General

(370 5) 243 58 01