Stumbras AB - Notification on material event

Regarding difference between adjusted forecast and preliminary results

In the year 2007 Stumbras AB sales (LTL 168,5 million; EUR 48,8 million) and
preliminary unaudited profit before taxes (LTL 41,1 million; EUR 11,9 million)
was, respectively, 16,4 % and 17,1 % higher than adjusted forecast, announced
on 18th September, 2007. 

According to company management, better than expected last quarter results were
determined by the actions, undertaken in 2006 and the first half of 2007:
introduction of new quality products to the market; successful planning and
implementation of   marketing strategies; orientation to increase in exports
(in the year 2007, export of production increased by 116%); large investments
made into company's material and production base. 

All these measures caused positive effect on company's results a bit sooner
than expected. Combined with extremely fast export growth, it determined the
inadequacy between announced forecast and preliminary results. 

Justas Rameika
Investor relations
+370 6 82 21619