SNAIGE

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS' MEETING



At 2pm on 24 March, 2000 the general meeting of AB Snaigė shareholders is

going to take place. The meeting will be held at the company's hall in

Alytus, 6 Pramonės St. In case there is no quorum, the repeated general

meeting will take place at

4pm on 24 March, 2000.

On the agenda:

1) report of the Board on the company's activity in 1999;

2) report of the auditor;

3) approval of the financial statements of 1999;

4) approval of the distribution of profit for 1999;

5) election of a Supervisory Board member; 

6) amendments to the Articles of Association;

7) selling, mortgaging, and renting of the company's long-term assets;

8)other issues.





Lina Semėnaitė

Information specialist

(22) 72 18 58