SNAIGE

MATERIAL EVENT



PURCHASE OF SHARES AND GRANTING OF A LOAN



(Unofficial translation done at the NSEL)



The Board meeting held on 26 March 2003 adopted a resolution to purchase a

85% holding in the Russian company OOO TECHPROMINVEST from the company EXPONET

LLC. To grant a loan on request of this company.





Romualdas Raudonis

Managing director

(370 315) 56202