Vilniaus Baldai AB - Notification on material event

Draft resolutions for the General Shareholders Meeting of "Vilniaus baldai" AB

Draft resolutions for the General Meeting of "Vilniaus baldai" AB Shareholders
to be held on 08.12.2008: 

Question: election of audit company and determination of the conditions for
audit remuneration. 

1. To elect the company “Ernst & Young Baltic” UAB to make an audit of
financial accountability of 2008-2009 years. 

2. The amount of remuneration for the audit services of the company “ERNST &
YOUNG BALTIC” UAB cannot exceed 25 000 (twenty five thousand) EUR (excluding
VAT) for the audit financial accountability of 2008-2009 years, and the
remuneration for the audit of financial accountability for 2009 will be
recalculated in May of 2009 by increasing the audit costs of 2008 according to
Eurozone consumer price index denominated in interest bearing change of 12
months. 

3. The head of “Vilniaus baldai” has been assigned to coordinate other terms of
the agreement for audit services performance by the company “ERNST & YOUNG
BALTIC” UAB. 


Chief Financial Officer
Aušra Kibirkštienė
+370 (5) 2525 720