KLAIPEDOS NAFTA

MATERIAL EVENT



GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON 23 DECEMBER 2003



(Unofficial translation done at the NSEL)



On the decision of the Company’s Board, an extraordinary general meeting of

shareholders is being convened on 23 December 2003. On the agenda are the

issues concerning:

1.pledge of the Company’s long-term assets;

2.election of the audit firm.





D.Jasadavičiūtė

Chief Lawyer

(370 46) 391626