VILNIAUS DEGTINE

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS’ MEETING



(Unofficial translation done at the NSEL)



At 2 p.m. on 16 December 2002, the extraordinary general shareholders’

meeting will be held at the company’s premises at Paneriu St. 47/2, in Vilnius.

Registration of shareholders starts at 1 p.m.

On the agenda:

1. approval of the new wording of the Articles of Association;

2. revocation of members of the Council of Observers;

3. election of members of the Council of Observers;

4. permit for members of the managing bodies of Vilniaus Degtine AB to be

members of managing bodies in companies with the similar core activity or in

the companies that continue the production or service process and realisation

of production of Vilniaus Degtine AB;

5. revocation of the audit company;

6. election of the audit company and estalishment of remuneration terms for

audit services.





Raimonda Palionienė

Senior Financier

(370 5) 2133152