MAZEIKIU NAFTA

MATERIAL EVENT



CONVOCATION OF THE EGM OF MAZEIKIU NAFTA AB SHAREHOLDERS



Following the decision of the Management Board of Mazeikiu Nafta AB as of 20

August 2002, the extraordinary general meeting will be held at 12 p.m. on 21

September 2002 (company code 6645172, headquarters – Juodeikiai, 5526,

Mazeikiai region). The meeting will take place at the Culture Centre of

Mazeikiu Nafta AB (11 Naftininku St., Mazeikiai). On the agenda:

1. dismissal of the Council of Observers of Mazeikiu Nafta AB;

2. election of the Council of Observers of Mazeikiu Nafta AB;

3. permission for members of the Council of Observers to be members of Councils

of Observers and Management Boards as well as heads of administration of other

companies;

4. Current issues.





Thomas Allen Schneider

Director General

(293) 92121