MAŽEIKIŲ ELEKTRINĖ

MATERIAL EVENT



CONVOCATION OF THE GENERAL SHAREHOLDERS’ MEETING



(Unofficial Translation Done at the NSEL)



On the initiative and the decision of the Board of  Mazeikiu Elektrine AB,

the Annual General Meeting of Mazeikiu Elektrine AB shareholders will be held

on 29 April  2004 at 12 p.m. at the company’s premises in Juodeikiai,

Mazeikiai region.

Registration of the shareholders begins at 11 a.m. upon presenting a personal

identification document; proxies should also present a notarised proxy.



The registration date of the AGM is 22 April 2004.

On the agenda of the meeting:

1. Auditor’s statement on the company’s annual accounts and the Annual Report

2003.

2. Approval of the company’s Annual Report 2003.

3. Approval of the company’s annual accounts for 2003.

4. The company’s profit appropriation for 2003.

5. Removal of a member of the Supervisory Board.

6. Election of a member of the Supervisory Board.





Vargina Ginkuviene

Chief Financier

(+370-443) 97 258