Grigiskes AB - Notification on material event

JSC Grigiskes plans for the year 2010

The Board meeting on 18 December 2009 approved a budget for the year 2010. 
It is planned that The Group which consists of JSC Grigiskes and daughter
enterprise Baltwood LTD in the year 2010 will reach a turnover of LTL 140.3
mln. (EUR 40.6 mln.), which is LTL 21.5 mln. (EUR 6.2 mln.) or 18% over the
expected turnover of 2009. The Group profit before taxes will reach LTL 5.5
mln. (EUR 1.6 mln.) and will be LTL 2.2 mln. (EUR 0.6 mln.) or 68% higher than
it is expected for the year 2009. 
It is also planned that JSC Grigiskes sales in 2010 will increase to LTL 126.5
mln. (EUR 36.6 mln.) and will be higher by LTL 17.2 mln. (EUR 5.0 mln.) than it
is expected for the year 2009. The company will earn a profit before taxes of
LTL 5.0 mln. (EUR 1.4 mln.) which will be LTL 1.4 mln. (EUR 0.4 mln.) or 38%
higher than it is expected for the year 2009. 
In planning the activities for the year 2010 company was focused on the sales
of the hygienic paper products. Increase in sales for the year 2010 will be
achieved by paying a special attention not only to Lithuanian but and to
foreign markets, especially - Scandinavia and neighboring countries. 

Gintautas Pangonis
General Director
(+370-5) 243 58 01