SNAIGE

MATERIAL EVENT



ELECTION OF THE NEW MANAGEMENT BOARD



(Unofficial Translation Done at the NSEL)



On the decision of the meeting of the Supervisory Board of 13 April 2004, a new

Management Board was elected consisting of five members: Albinas Valasinas,

Giedrius Barysas, Romualdas Raudonis, Titas Sereika, and Nerijus Dagilis.





Romualdas Raudonis

Director General

(+370- 315) 56200