Klaipedos Baldai AB - Notification on material event

Notice on the intention to delist the shares of AB Klaipėdos Baldai from the trading list of AB NASDAQ OMX Vilnius stock exchange, and to suspend the offering of the shares of AB Klaipėdos Baldai to the public.

   AB Klaipėdos Baldai (the legal form - open limited liability company,
registered office address Klaipėda city municipality, Klaipėda city, Joniškės
g. 21, the Company was registered on 3 March 1993, legal entity code 140656052,
VAT payer code LT406560515, register - Lithuanian Register of Enterprises,
registrar: State Enterprise Centre of Registers, registered authorised capital
LTL 7,749,249 (seven million seven hundred forty nine thousand two hundred
forty nine litas) (hereinafter referred to as the Issuer or the Company). In
accordance with the Law on Securities of the Republic of Lithuania, Article 38
part 5 and Article 48 part 8 paragraph 3, the Board provides a notice on the
issue to be discussed on the extraordinary meeting of shareholders of the
company on 30 January 2014 (date) to delist the shares of the Issuer from the
additional trading list of AB NASDAQ OMX Vilnius stock exchange, and the
suspension of the public offer of the Company's shares. 

  1. Information about the expected announcement of mandatory official offer

   At the general meeting of the Company to be convened on 30 January 2014
(date), upon deciding to delist the shares of the issuer from the additional
trading list of AB NASDAQ OMX Vilnius stock exchange, with the majority of at
least ¾ of the shares of those present at the meeting, and suspension of the
public offer of the Company's shares with the majority of at least 2/3 of the
shares of those present at the meeting, the shareholders who voted in favour
for these decisions are required to submit a mandatory official offer. The
obligation for all shareholders shall be assumed by one shareholder of the
Company. During the validity term of the mandatory official offer, the
shareholders who voted “against” or abstained in the decision to delist the
shares of the issuer from the additional trading list of AB NASDAQ OMX Vilnius
stock exchange and the decision on suspension of the public offer of the
Company's shares, will have the right to sell their shares. 

  1. Reasons for delisting the shares from the additional trading list on the
     regulated market in the Republic of Lithuania (Stock Exchange of AB NASDAQ
     OMX Vilnius) and suspension of the public offer of shares

           The small number of the Company's shares in circulation on the
regulated market in the Republic of Lithuania - the Stock Exchange of AB NASDAQ
OMX Vilnius, and passive trading in shares of the Issuer. 

  1. Measures taken by the Issuer's management bodies to defend the rights and
     interests of the Company's shareholders.

           The Issuer has taken and will take all legal action that the holders
of its shares have access to all necessary means and information enabling them
to exercise their rights during the official offer. According to the procedure
specified in legislation, the Company will provide all information to the Bank
of Lithuania, the operator of the regulated market, and shall publish the
information in the daily make the daily Lietuvos rytas, about the
implementation procedure of the official offer. 

  1. Expected changes in the composition of the Issuer's management bodies and
     their activities.

     No changes are foreseen.

  1. Indicative price proposals for the shares, and the method of their
     determination

   The preliminary share price determined during the mandatory official offer
to buy the Company's shares included in the trade on the regulated market in
the Republic of Lithuania, is EUR 2 (Two euro), or LTL 6,91 (Six litas ninety
one cent). The preliminary purchase price of the Company's shares is determined
according to the weighted average market price of the Issuer's shares within
the period of 6 months prior to the date of this notice (from 02 July  2013
till 02 January 2014). 



Chairman of the Board

Gintautas Vitkevičius



For supplementary information contact:

Public Relations agency „KPMS ir partneriai“ partner

Frederikas Jansonas