Klaipedos Baldai AB - Notification on material event

RESOLUTION PROJECTS FOR GENERAL STOCKHOLDER'S MEETING HELD ON 2009 APRIL 14th

The board meeting of SC "Klaipėdos baldai" has prepared resolution projects     
   for stockholders meeting and vote:                                           

1. The supervisory council reviews and proposals concerning the financial       
accountability of SC "Klaipėdos baldai" for 2008, profit distribution project   
and company report for 2008 by the board meeting.                               

Resolution: approve the supervisory council auditor .                           

2. The auditor report concerning the financial accountability of SC „Klaipėdos  
baldai“ for 2009.                                                               

Resolution: approve the report auditor.                                         

3. Financial accountability consolidation for 2008.                             

Resolution: approve the financial accountability for 2008.                      

4. Profit distribution project for 2008.                                        

Resolution: approve the profit distribution project as it follows:              

PROFIT DISTRIBUTION PROJECT                                                     

 Articles                                    Amount      Amount                 
                                             thousand/Lt thousand/EUR           
 Retained earnings (loss) in the end of last   31110      9010                  
 fiscal year         
 Net profit (loss)                              3043       881                  
 Distributable result-profit (loss) in the     34153      9891                  
 end of fiscal year                                                             
 The contribution of stockholders for the        -           -                  
 loss refund                                                                    
 Transfer from the reserve                     (1481)     (429) 
 Distributable earnings                        32672      9462                  
 The distribution of profit:                                                    
 reserves set by law                            -           -                   
 other reserves                                 -           -                 
 dividends                                      -           -                   
 other                                          -           -                   
 Retained earnings in the end of fiscal year   32672      9462

5. The election of the auditor for 2009, the establishment of the rate for the  
report.  
Three recolutions drafts are approval for vote: 

a)Decided to select JSC "PriceWaterHouseCoopers" as the auditor company for
2009 
and determine 55000Lt excl. VAT as wage.    
b)Decided to select JSC "P KPMG Baltics" as the auditor company for 2009  
and determine 55000Lt excl. VAT as wage.                                      
c) Decided to select JSC " Deloitte Lietuva" as the auditor company for 2009 
and determine 55000Lt excl. VAT as wage. 
The auditor company will be the one that receives more votes.
Ramunas Marozas                                                                 
Managing Director                                                               

For supplementary information contact Linas Damanskis                    
tel. +370 618 99041

Attachments:

confirmation.pdf

tfas 2008 12 31_eng(2009 04 06).pdf