Vilniaus Baldai AB - Notification on material event

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

The Management Board of Vilniaus baldai AB approved the Company‘s draft
resolutions of the Annual General Shareholders meeting that will take place on
the 29th of April. 

1.	Consolidated annual report.
Draft Resolution:
1.1.	To get acquainted with  Company‘s consolidated annual report for 2008.

2.	Company's auditor's report.
Draft Resolution:
2.1. To get acquainted with Company‘s auditor‘s report.

3.	Approval of the Company's financial statements for 2008.
Draft Resolution:
3.1. To approve Company's financial statements for 2008.

4.	Approval of the Company‘s consolidated financial statements for 2008.
Draft Resolution:
4.1. To approve Company‘s consolidated financial statements for 2008.

5.	Approval of the Company‘s profit (loss) distribution for 2008.
Draft Resolution:
5.1. To approve Company‘s profit distribution:

Undistributed retained earnings, brought forward	2 717 442 LTL
Net result for the current year	7 022 627 LTL
Distributable result	9 740 069 LTL
Renewable reserve funds	344 114 LTL
Distributable earnings	10 084 183 LTL
Transfers to the obligatory reserves	132 701 LTL
Transfers to other reserves		-
To be paid as dividends	-
To be paid as annual payments (bonus) to board of	-
Undistributed retained earnings, carried forward	9 951 482 LTL

Dividends for the year 2008 not to allocate	

Enclosed:

1. Consolidated and company's financial statements for the year ended December
2008 with independent auditor's report. 

Additional information:
Chief Financial Officer
Ausra Kibirkstiene
Phone No.: +370 (5) 2525720

Attachments:

consolidated and companys financial statements for the year ended 31 december 2008 with independent auditors report.pdf