ALYTAUS TEKSTILE

MATERIAL EVENT



REPEATED MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



1. Due to the fact the meeting of shareholders was not held on 22 April 2003,

a repeat general meeting of shareholders of Alytaus Tekstile AB (Pramones St.

1, LT-4580 Alytus, the meeting hall on the 4th floor (room 403)) will be

convened at 1 pm, on 6 May 2003. Registration starts at 11.30 until 12.00,

for which an ID document and a statement from a personal securities account or

a notarized proxy must be brought along.

2. The agenda includes:

2.1. The Board’s report on the company’s activity in 2002 and its approval.

2.2. Auditor’s conclusion concerning the company’s 2002 financial statements

and its activity.

2.3. Conclusions of the company’s Supervisory Council concerning the company’s

activity in 2002.

2.4. Approval of the 2002 financial statements.

2.5. Approval of the 2002 profit (loss) distribution report.

2.6. Pledging of the assets.

2.7. Sale of the assets.

2.8. Revocation of the Supervisory Council.

2.9. Election of the Supervisory Council.

2.10. Approval of the new version of the company’s by-laws.

2.11. Increase of the authorized capital by issuing a new issue.





Edgaras Kateiva

Finance Director

(370 315) 57334