Klaipedos Baldai AB - Notification on material event

Concerning general shareholder meeting and Concerning the profit distribution project

Initiative  and resolution in the board meeting SC „Klaipėdos baldai“
(registration number 14065052) announces the general meeting of  shareholders.
The meeting will take place on the 25th of  April 2008 on 11 a.m. in the
premise of the company (Joniškės st. 21, LT_91267 Klaipėda). 

The agenda of meeting:

1.The Supervisory Council record and offer of the year 2007 financial
accountability, profit distribution  project and annual report. 
2.Auditor report of year 2007 financial accountability.
3.Financial accountability statement  for 2007.
4.Profit distribution project statement for 2007. 
5.The election of annual auditor for 2008 and the establishment of the rate for
the report. 
6.The elections of the supervisory council members.

The accounting date for the general meeting of shareholders is the18th of April
2008. 

Board meeting of SC "Klaipedos baldai" concluded to general shareholders
meeting not to offer disburse for the dividents. It is offer to settle reserve
for the own stocks and to allot the spare finnancial resources for the
investment. 

Managing Director 
Eimuntas Jankauskas

Envoy for supplementary information 
Rima Olberkytė-Stankus
Phone No. +370 5 210 1681