01.03.2004, Klaipėdos jūrų krovinių kompanija, VLN

KLAIPEDOS JURU KROVINIU KOMPANIJA

MATERIAL EVENT



CONCERNING CONVOCATION OF THE GENERAL MEETING OF SHAREHOLDERS



(Unofficial Translation Done at the NSEL)



Under the decision of the Board of the company Klaipėdos Juru Kroviniu

Kompanija AB (enterprise code 4034626), an annual general shareholders’ meeting

is convened on 2 April 2004. Venue of the meeting: the company’s office at 18

Zauerveino St., Klaipėda.



On the agenda:

1. Approval of the Report of the company’s Board for 2003;

2. Statement of the firm of auditors concerning audit of the company’s

performance results in 2003;

3. Approval of the financial statements for 2003;

4. Appropriation of profit/loss against items in equity capital;

5. Election of the firm of auditors and determination of payment for audit

services

6. Approval of the resolutions passed by the Board during 2003;

7. Authorisation of the Board to purchase, sell, issue guarantees or otherwise

dispose of the company’s assets, the aggregate annual value of which exceeds

1/20 of the company’s authorised capital;

8. Concerning credit taking;

9. Concerning pledge of the shares and property;

10. Approval of the voting results of the General Meeting of shareholders;

11. Other business and financial issues.



The registration day of the Annual General Meeting of shareholders is on 26

March 2004.

Beginning of the meeting: 2 p.m.

The meeting will take place in the conference hall of Klaipėdos Juru Kroviniu

Kompanija AB (3rd floor).

The shareholders will be registered starting from 1 p.m.

Representatives (proxies) of the shareholders must submit their identification

documents and duly formalized proxies or other documents proving their powers.





G. Greiciute

Referent to the Executive Director

(+370 46) 399 175