2004.05.11, Lietuvos jūrų laivininkystė, VLN

LIETUVOS JURU LAIVININKYSTE

MATERIAL EVENT



PRELIMINARY RESULT FROM OPERATIONS IN THE FIRST QUARTER 2004



(Unofficial Translation Done at the NSEL)



The preliminary unaudited result from operations of Lietuvos Juru Laivininkyste

AB in the first quarter of 2004 is a pre- tax profit of LTL 398 825. Sales and

services amounted to LTL 17 801 976.





Arvydas Stropus

Chief Accountant

(+370-46) 393126