VILNIAUS DEGTINE

MATERIAL EVENT



REGARDING SUBMISSION OF THE COMPANY’S FINANCIAL STATEMENTS FOR THE 1ST QUARTER

OF 2003



(Unofficial translation done at the NSEL)



The company’s financial statements for the 1st quarter of 2003 will be

submitted by 30 May. The postponement is caused by an increased scope of work

related to the preparation to the company’s privatization.





Raimonda Palionienė

Chief financier

(370 5)213 3152