Vilniaus Baldai AB - Notification on material event

Resolutions of the Annual General Shareholders Meeting of Vilniaus baldai AB on 28/04/2011.

Vilnius, Lithuania, 2011-04-28 11:45 CEST (GLOBE NEWSWIRE) --  On the 28th of
April 2011 the Annual General Shareholders Meeting of Vilniaus baldai AB
adopted the following resolutions: 

Item1 of the agenda: Consolidated annual report.

The Company‘s consolidated annual report for 2010 was presented.

Item2 of the agenda: Company's auditor's report.

The report of auditor PricewaterhouseCoopers UAB for 2010 was presented.

Item3 of the agenda : Approval of the Company's financial statements for 2010.

Resolution: to approve Company's financial statements for 2010.

Item4 of the agenda: Approval of the Company‘s consolidated financial
statements for 2010. 

Resolution: to approve Company‘s consolidated financial statements for 2010.

Item5 of the agenda: Approval of the Company‘s profit distribution.

Before the beginning of the General Shareholders Meeting, the Company received
from the shareholder Invalda AB a proposal with new draft decision on this
issue of the agenda. During the General Meeting it was decided to approve newly
proposed Company‘s profit distribution: 



Undistributed retained earnings, brought forward     2 769 563 LTL   802 121 EUR
Net result for the current year                         27 848 058     8 065 355
                                                               LTL           EUR
Distributable result                                    30 617 621     8 867 476                                                          LTL           EUR
Transfers to the obligatory reserves                             -             -
Profit transfers to the reserves for own shares                  -             -
 acquisition                                                                    
Transfers to other reserves                                      -             -
To be paid as dividends                                 15 545 068     4 502 163
                                                               LTL           EUR
To be paid as annual payments (bonus) to board of      795 000 LTL   230 248 EUR
Undistributed retained earnings, carried forward        14 277 553     4 135 065
                                                               LTL           EUR
4 LTL (1.16 EUR) of dividends per one ordinary                                  
 share.                                                                         




         Additional information:
         Chief Financial Officer
         Ausra Kibirkstiene
         Phone No.: +370 (5) 2525720