Grigiskes AB - Notification on material event

Corrected Group's plans for the year 2009

The Board meeting on 7 October 2009 approved a corrected budget for the year
2009. This year the Group which consists of JSC Grigiskes and daughter
enterprise Baltwood LTD plans to reach a turnover of LTL 115.6 mln. (EUR 33.5
mln.), comparing with the 2008 year the sales will decline by LTL 29.9 mln.
(EUR 8.7 mln.). In 2009 the Group plans to earn a profit before taxes of LTL
2.5 mln. (EUR 0.72 mln.). 
Planed results for the year 2009 are corrected after not audited financial
results of the thirst half of the year 2009, expected results of the third
quarter of the year 2009 and the trends of Group sales were evaluated. 

Gintautas Pangonis
General Director
(+370-5) 243 58 01