Klaipedos Baldai AB - Notification on material event

AB “Klaipedos baldai” Board decision concerning purchase of own shares

Carrying out the decision of AB „Klaipedos baldai“ general Shareholders‘
Meeting, held on 28 April 2011, to purchase up to 10 percent of the Company's
shares, the Board has taken the resolution: 

1.1.    To purchase up to 816.631 (Eight hundred and sixteen thousand six
hundred and thirty-one) units of ordinary registered 1(one) litas nominal value
shares of AB “Klaipedos baldai”. 

1.2     To set the purchase price of own share equal to 1.05 EUR (3.6254 LTL)
for one ordinary registered  share of AB “Klaipedos baldai”. 

1.3     The duration of the purchase of own shares in the first stage - 32
days. The shares should be bought from 2011 May 17 until 2011 June 17
(inclusive) on the stock exchange NASDAQ OMX Vilnius through an official offer
submarket. 





Ramunas Marozas

Director

tel +370 687 56600