ALYTAUS TEKSTILE

MATERIAL EVENT



CONVOCATION OF THE GENERAL SHAREHOLDERS’ MEETING



(Unofficial Translation Done at the NSEL)



ALYTAUS TEKSTILE AB, enterprise code 4969877, address: 1 Pramonės St.,

LT-62501, Alytus.

On 30 April 2004 at 1.00p.m. the Annual General Meeting of shareholders will

be held at the company’s hall (1 Pramonės St., Alytus, 4th floor, room 403).

The meeting is being convened on the initiative of the head of the

administration. The shareholders will be registered from 11.30a.m. to 12.30p.m.

Persons who hold shares in the company at the close of the registration date of

the AGM (23 April 2004) are entitled to participate at the meeting. Upon

registration a person’s ID or a proxy (if attended by a proxy) and a special

statement of securities account prepared for the AGM has to be presented.

On the agenda of the meeting:

1. The company’s Annual Report 2003.

2. Auditor’s statement for 2003.

3. Approval of the company’s annual accounts.

4. Approval of the Profit (Loss) Appropriation Statement of 2003.

5. Election of the firm of auditors and approval of conditions of its

remuneration.



Draft resolutions of the AGM can be obtained at ALYTAUS TEKSTILĖ AB, tel.

(+370- 315) 57357 from 19 April.



Acting Director General

Albinas Jasiulevicius

(+370- 315) 57357





G. Ludaviciene

Acting Finance Director

(+370- 315) 57334