Grigiskes AB - Notification on material event

Increase of the authorised capital. Interim results for April 2008

Joint-stock company “GRIGIŠKĖS”, 110012450, Vilniaus str. 10, Grigiškės,
Vilnius city municipality. 

To Lithuanian Securities Commission, Vilnius Stock Exchange, BNS, ELTA,
www.grigiskes.lt. 

Due to the decision of the General Meeting held on 25 04 2008 to increase the
authorized capital of the Company up to LTL 60 mln., the amended Articles of
Association of Joint-stock company “GRIGIŠKĖS” were registered on May 22, 2008
with the Register of Enterprises. 
In April the Group which consists of JSC Grigiskes and daughter enterprise
Baltwood LTD reached a turnover of LTL 13.7 mln. (EUR 4 mln.), which is by 30.5
% more than for April in 2007 when the turnover was LTL 10.5 mln. (EUR 3 mln.).
Over four months this year the Group's turnover outmeasured LTL 52.9 mln. (EUR
15.3 mln.), comparing with the same period 2007 the sales increased in 18.6 %.
Over four months 2008 the Group earned a profit before taxes of LTL 1 mln. (EUR
0.3 mln.). 


Gintautas Pangonis
General Director
(+370-5) 243 58 01