Grigiskes AB - Notification on material event

Corrected Group's plans for the year 2009

The Board meeting on 18 December 2009 approved a corrected budget for the year
2009. This year the Group which consists of JSC Grigiskes and daughter
enterprise Baltwood LTD plans to reach a turnover of LTL 118,8 mln. (EUR 34,4
mln.), and to earn a profit before taxes of LTL 3,3 mln. (EUR 0,96 mln.). 
It is planned that JSC Grigiškes will reach a turnover of LTL 109.3 mln. (EUR
31.6 mln.) and will earn a profit before taxes of LTL 3.6 mln. (EUR 1.0 mln.). 
Planned results for the year 2009 are corrected after not audited financial
results of the eleven months of the year 2009, expected results of the December
of the year 2009 and the trends of Group sales were evaluated. 

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