LIFOSA

MATERIAL EVENT



ADDITIONAL ISSUE ON THE AGENDA OF THE COMPANY’S CREDITORS’ MEETING



A meeting of creditors of Lifosa AB will be convened on 9 June 2004 at 11 a.m.

at the premises of the Law firm Glimsted (Jogailos 4, Vilnius).



On the agenda:

1.Decision regarding appealing to the District Court of Panevezys regarding

termination of the restructuring case.

2.Approval of the termination of the exclusive distributional agreement.



The issue to be added:

3.Regarding the sale of the part of the Company's assets.





Regvita Ivanoviene

Finance Director

+370 347 66 331