LISCO BALTIC SERVICE

MATERIAL EVENT



CONVOCATION OF THE GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



By decision of the Board of 17 March 2003, the general meeting of shareholders

will be held on 29 April 2003 at 5p.m. in the company’s administration building

(J.Janonio st.24, Klaipėda).



Agenda includes:



1. The report of the Board on the company’s  activity in 2002.

2. Election of auditors for 2003.

3. Auditors’ report regarding the company’s annual financial statements for

2002.

4. Approval of the company’s annual financial statements for 2002.

5. Approval of the company’s profit (loss) distribution for 2002.

6. Election of the Board members.

7. Purchase and pledging of a seagoing ferry.

8. Buying of the company’s own shares.

9. Approval of the new version of the company’s by-laws.





Martynas Jonkus

Specialist of the Insurance and Claims Legal Department

(370 46) 393631