Klaipedos Baldai AB - Notification on material event

Concerning general shareholder meeting

Convocation of an ordinary general meeting of SC Klaipedos baldai shareholders



     By the initiative and decision of the Company Board, an ordinary general

meeting of SC Klaipedos baldai (registered at Joniskes str. 21, Klaipeda,

company number 140656052) shareholders is being convoked at Joniskes str. 21,

Klaipeda on 28 April 2011 at 11 am. Shareholders' registration starts at 10 am.

     Only the persons who were shareholders of the company at the end of the

general shareholders' meeting accounting day shall have the right to attend and

vote at the general shareholders' meeting. The meeting accounting day is 20

April 2011.

     Property rights shall be held by the persons who were SC Klaipedos baldai

shareholders at the end of the tenth working day after the general

shareholders' meeting having adopted the respective decision. The rights

accounting day is 12 May 2011.



    The agenda of the ordinary general shareholders' meeting:

1. The Supervisory Council record and offer of the year 2010 financial

accountability, profit distribution project and annual report.

2. Auditor report of year 2010 financial accountability.

3. Financial accountability statement for 2010.

4. Profit distribution project statement for 2010.

5. The election of annual auditor for 2011 and the establishment of the rate

for the report.

6. Resolution re share buy back.

     The general shareholders' meeting is convened on the initiative and by the

resolution of the Board of the Company.

     The Company shall not provide the possibility to attend and vote in the

general shareholders' meeting through electronic communication channels.

     Each shareholder holding shares that grant at least 1/20 of all votes

shall have the right of proposing to supplement the agenda of the general

shareholders' meeting. Draft decisions on the proposed issues shall be

submitted together with the proposal or, if the decisions are not needed to be

approved, explanations on each proposed issue of the general shareholders'

meeting shall be presented. Proposal to supplement the agenda must be presented

in writing sending it by a registered mail at the above-specified head-office

address of the Company. The agenda shall be supplemented if the proposal will

be received not later than 14 days before the general shareholders' meeting.

     Each shareholder holding shares that grant at least 1/20 of all votes

shall have the right of proposing draft resolutions on the issues already

included or to be included in the agenda of the general shareholders' meeting,

to nominate additional candidates for members of the Company's managerial body,

the audit company. The proposed draft decisions must be presented in writing

sending them by a registered mail at the above-specified head-office address of

the Company

The shareholders shall also be entitled to propose draft resolutions on the

general shareholders' meeting agenda issues in writing during the meeting.

     The shareholders shall have the right to present questions related to the

general shareholders' meeting agenda issues to the Company in advance in

writing, by stating the shareholder's personal ID number in the letter and

sending by a registered mail. The Company undertakes to respond if the

questions are received not later 3 working days before the general

shareholders' meeting.

     A shareholder or a person authorised by him attending the general

shareholders' meeting and entitled to vote shall submit an identity document.

     Each shareholder shall also have the right to authorise another person

(natural or legal), in the manner prescribed by law, to attend and vote at the

general shareholders' meeting on his behalf. At the meeting the authorised

person shall enjoy the same rights as the shareholder represented by him would

have unless the authorized person's rights are limited by the power of attorney

or by the laws. The authorised person must produce a power of attorney

certified in the manner prescribed by law. A power of attorney issued in a

foreign state must be translated into Lithuanian and legalised in the manner

prescribed by law.

     A shareholder or a person authorised by him shall have the right to vote

in writing in advance by filling in the general ballot paper. On shareholder's

request, the Company shall, not later than 10 days before the meeting, send the

general ballot paper by registered mail free of charge. The filled in general

ballot paper and the document confirming the voting right (if any) must be

submitted to the Company in writing not later than on the last working day

before the general shareholders' meeting sending it by registered mail at the

above-specified head-office address of the Company.

     The documents related to the convening and the agenda of general

shareholders' meeting, draft decisions on each agenda item, documents that must

be submitted to the meeting, the form of the general ballot paper and other

information related to the implementation of the shareholder rights will be

available for the shareholders during working hours at AB Klaipedos baldai

head-office in Joniskes str. 21, Klaipeda and partly on the Company's website

http://www.klaipedos-baldai.lt.







SC „Klaipedos baldai“



Director

Ramunas Marozas



For supplementary information contact

Ramunas Marozas

Tel.: +370 687 56600