Grigiskes AB - Notification on material event

Notification about reformation of a subsidiary into a joint-stock company

On the 25th of August AVESKO, UAB, a member of GRIGIŠKĖS, AB has been reformed
into a joint-stock company with a name AVESKO, AB. In order to more transparent
management of subsidiaries of GRIGIŠKĖS, AB in the future it is planned to
reorganize by the merger Klaipėdos kartonas, AB and not operating AVESKO, AB. 

Vigmantas Kažukauskas
Acting Director-General
(+370-5) 243 58 01