KAUNO ENERGIJA

MATERIAL EVENT



CONCERNING CALLING OF AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



On 15 January 2003, the meeting of the board of Kauno Energija AB adopted

a resolution to call an extraordinary general meeting of shareholders.

The meeting will take place at 4 pm, on 27 February 2003 at Raudondvario pl.

86A, 3021, Kaunas. The agenda of the meeting will include:

1.Concerning a new wording of the draft contracts of the Power Station

sale/purchase and Šilumos Energija sale/purchase.

2.Concerning mortgaging of the assets owned by the company.





Jovita Sereikienė

Department head

(370 37)  308 064