Vilniaus Baldai AB - Notification on material event

Procedure for the payment of dividends for the period shorter than a financial year (for the date of 30 June, 2013)

Vilnius, Lithuania, 2013-10-04 08:00 CEST (GLOBE NEWSWIRE) -- 

On 16 September 2013, the Extraordinary General Meeting of Shareholders of
Vilniaus Baldai, AB (identification code 121922783, address Savanoriu ave.
178B, Vilnius, LT-03154) decided to pay out 9 litas dividend per share. 

Dividends will be paid to the shareholders who at the end of the tenth business
day following the day of the Extraordinary General Meeting that adopted a
decision on dividend payment, i.e. on 30 September 2013 were shareholders of
Vilniaus Baldai, AB. 

From 4 October 2013 the dividends will be paid out in the following order:

- to the shareholders, whose Vilniaus Baldai, AB shares are accounted by a
financial brokerage company or credit institutions, which provide securities
accounting services, the dividend amount, after deduction of Personal or
Corporate withholding income tax applicable by the laws of Lithuania, will be
transferred to the shareholders' accounts held with a respective financial
brokerage company or credit institution; 

- to the shareholders, whose Vilniaus Baldai, AB shares on behalf of the
Company are accounted by the authorised custodian Finasta AB FMI, the dividend
amount, after deduction of Personal or Corporate withholding income tax
applicable by the laws of Lithuania, will be transferred to the shareholders'
accounts with Lithuanian commercial bank as indicated by the shareholders
(requests with account indications should be submitted to Finasta branch at
Maironio st. 11, Vilnius). 

Procedure of the taxation of the Dividends for the period shorter than a
financial year (for the date of 30 June, 2013): 

- dividends paid to natural persons-residents of the Republic of Lithuania and
natural persons-residents of foreign countries are subject to withholding
Personal income tax of 20 per cent; 

- dividends paid to legal entities of the Republic of Lithuania and legal
entities-residents of foreign countries are subject to withholding Corporate
income tax of 15 per cent, unless otherwise provided for by the laws. 

Residents of the foreign countries, which have concluded agreements on
Avoidance of Double Taxation with the Republic of Lithuania, could take
advantage of reduced tariffs provided by such agreements by submitting Claim
for Reduction or Exemption from the Anticipatory Tax Withheld at Source, form
FR0021 (DAS-1) till 10 October 2013. 

For additional information on payment of the dividends please contact Finasta
AB FMI tel. 1813. 


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