Grigiskes AB - Interim information

GRIGISKES AB reached forecasted turnover for 2012. Unaudited results of 2012.

Vilnius, Lithuania, 2013-02-28 15:25 CET (GLOBE NEWSWIRE) -- Over the year 2012
the consolidated turnover of GRIGISKES AB Group, which consists of GRIGISKES
AB, Baltwood UAB, Klaipedos kartonas AB, Mena Pak OAO and Klaipeda recycling
UAB, outmeasured LTL 290 Mio (EUR 84 Mio), which is the same as it was
forecasted. 

Over the same period the turnover of GRIGISKES AB outmeasured LTL 111.0 Mio
(EUR 32.1 Mio), which is the same as it was forecasted. 

Over the year 2012 the consolidated profit before taxes of GRIGISKES AB Group
reached LTL 9.97 Mio (EUR 2.9 Mio) and was by LTL 3 Mio (EUR 0.9 Mio) lower
than it was forecasted. The decrease of Group profit before taxes, as compared
to published estimates, mainly due to the delay of customers ordered transport
in the last weeks of the year due to the holiday period, which transferred a
part of scheduled sales of the most profitable products (of paper products
segment) to 2013.The mentioned above decrease of sales was compensated by
higher-than-expected sales of products of other segments of the Group. 

The Company's profit before taxes reached LTL 8.7 Mio (EUR 2.5 Mio) and is by
LTL 0.8 Mio (EUR 0.2 Mio) lower that it was forecasted. 

More information is provided in the interim consolidated report of GRIGISKES AB
covering twelve months of 2012 with endorsement of the responsible persons (see
attachments). 


         Gintautas Pangonis
         President of GRIGISKES AB
         (+370-5) 243 58 01

Attachments:

GRI2012y interim report EN.pdf

GRI2012y responsible confirmation.pdf