KAUNO ENERGIJA

MATERIAL EVENT



CONCERNING CONVOCATION OF THE GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



The Board meeting of Kaunas Energija AB has resolved to convene an

extraordinary general meeting of shareholders on 28 November 2003, at 12 p.m.



On the agenda of the extraordinary general meeting of shareholders are the

following issues:



1. Concerning audit of economic and financial activities of Kauno Energija AB.

2. Concerning long-term assets pledged with the Ministry of Finance of the

Republic of Lithuania.

3. Concerning the sale of assets.





Jovita Sereikiene

Head of the Division

(+370 - 37) 308 064