INVALDA

MATERIAL EVENT



CONVOCATION OF A GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



By decision of the Board, a general meeting of shareholders will be held

at 10 am, on 9 April 2003 at Šeimyniškių st. 3, Vilnius (2nd floor).

Registration is from 9 am till 10 am. Participants must bring along

a statement of account and an ID document. The agenda includes:

1. The report on the company’s activity in 2002.

2. Audit conclusion.

3. Approval of the financial statements for 2002 business year.

4. Distribution of profit.

5. Remuneration for audit services and selection of an audit company.

6. Changes to the by-laws.

7. Election of the Board members.

8. Concerning sale, transfer, rent, or mortgaging of the long-term assets.





Alvydas Banys

Vice President

(370 5) 279 06 91