Vilniaus Baldai AB - Notification on material event

Resolutions of the Extraordinary General Meeting of "Vilniaus baldai" AB shareholders

On 8 December, 2008 the Extraordinary General Meeting of "Vilniaus baldai" AB
shareholders adopted the following resolutions:


1. The company “Ernst & Young Baltic” UAB is elected 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