Invalda: Preliminary Result from Operation for the year 2003

INVALDA  MATERIAL EVENT    PRELIMINARY RESULT FROM OPERATION FOR THE YEAR 2003    (Unofficial translation done at the NSEL)    The Company’s preliminary unaudited result for 2003 is a net profit of LTL  2,006,619.      Alvydas Banys  Vice President  (370 5) 279 06 91