KAUNO ENERGIJA

MATERIAL EVENT



PRELIMINARY ACTIVITY RESULT AND SUMS PAYABLE FOR THE 1ST QUARTER OF 2003



(Unofficial translation done at the NSEL)



The preliminary result of operation of Kauno Energija AB for the 1st quarter

of 2003is a profit of LTL 37 182 127.

The total sum of the amounts payable and liabilities (as of 31 March 2003)

exceed the authorised capital 1.71 times.





Jovita Sereikienė

Head of the Division

(370 37) 308 064