KAUNO TIEKIMAS

MATERIAL EVENT



CONVOCATION OF THE GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



The Company’s Board has resolved to convene an extraordinary general meeting of

shareholders on 21 November 2003, 11 a.m., at the premises of Kauno Tiekimas AB

(171 Palemono St., Kaunas).



On the agenda:

1)	Approval of the main conditions of transactions (Loan contracts

including) to be concluded on behalf of the Company;

2)	Approval of transactions concerning transfer, lease or mortgage of long-

term and short-term assets.





Irena Kebleriene

Director General

(+370- 37 ) 473744