INVALDA MATERIAL EVENT ANNUAL GENERAL SHAREHOLDERS’ MEETING (Unofficial Translation Done at the NSEL) At the meeting of 17 February 2004, the Board of Invalda AB resolved to convene the annual general shareholders’ meeting on 22 March 2004, 10 a.m. at 3 Seimyniskiu St., Vilnius (on the 2nd floor). On the agenda: 1. Annual Report of Invalda AB for the year 2003; 2. Auditor’s statement; 3. Approval of annual accounts for 2003; 4. Appropriation of the profit; 5. Payment for audit services and election of the firm of auditors; 6. Approval of the new wording of the Company’s Articles of Association; 7. Concerning preparation of conditions for the Company’s reorganisation. The registration date of the AGM: 15 March 2004. The Board proposes to pay dividend to the Company’s shareholders in the amount of 5 cents per share of LTL 1 par value. The Board proposed to the general shareholders’ meeting to adopt a resolution concerning preparation of conditions for the reorganisation of Invalda AB, Gildeta AB, Pastana UAB and Kremi UAB, under which the rights and obligations of Gildeta AB and Kremi UAB would be distributed between Invalda AB and Pastana UAB. Alvydas Banys Vice President (+370-5) 279 06 91
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