VAKARŲ SKIRSTOMIEJI TINKLAI

MATERIAL EVENT



CONVOCATION OF THE EXTRAORDINARY GENERAL SHAREHOLDERS’ MEETING



(Unofficial translation done at the NSEL)



Having received a request of the Ministry of Economy of the Republic of

Lithuanian, which is managing more than ½ of the company’s shares, to convene

the extraordinary general shareholders’ meeting, on 8 July 2003, the Management

Board of Vakarų Skirstomieji Tinklai AB resolved to convene a general meeting

of shareholders on 11 August 2003, at 10 a.m., which will take place at

Kęstučio St. 36, in Kaunas.

On the agenda:

1) Increase of the authorized capital from supplementary contributions.

2) Setting of the type, class, amount, and the issue price of shares being

issued by the company.

3) Revocation for all the shareholders of the pre-emptive right to acquire

newly issued shares of the company.

4) Procedure of subscription and settlement for the company’s shares.

5) Amending of the Articles of Association.





Rimantas Vensas

Head of the External Relations and Information Department

(370 37) 30 97 27