SNAIGE

MATERIAL EVENT



PROPOSAL TO PAY DIVIDEND FOR 2003



(Unofficial Translation Done at the NSEL)



The meeting of the Company’s Board of 23 February 2004 passed a decision to

propose for the general meeting of shareholders to pay the shareholders

dividend for 2003 in the amount of up to LTL 2 per share.





Virginija Graudinienė

Finance Director

(+370-5) 315 56205