KLAIPEDOS NAFTA

MATERIAL EVENT



CONCERNING SUBMISSION OF FINANCIAL STATEMENTS



(Unofficial Translation Done at the NSEL)



Klaipedos Nafta AB is in the process of apdopting of the International

Accounting Standards. Therefore the Company intends to submit its draft of the

financial accounts (balance sheet, profit-loss account) to the NSEL later, by

1 April 2004.





Jurgis Aušra

Director General

(+370 46) 391772