Vilniaus Baldai AB - Notification on material event

Vilniaus baldai AB resolutions of the annual general meeting

DECISIONS TAKEN AT THE GENERAL MEETING OF SHAREHOLDERS HELD ON 29/04/2008

The following decisions were taken at the General Meeting of Shareholders of 
AB “Vilniaus Baldai” which was held on the 29th of April 2008: 

Item1 of the Agenda:  The annual report of the Company of the year 2007. 
The meeting attended the annual report of the Company of the year 2007.

Item2 of the Agenda: The conclusions of the Company's audit. 
The meeting attended the conclusions of auditor UAB „Ernst&Young Baltic“of the
year 
2007. 

Item3 of the Agenda: Approval Company financial statements for the
Year ended 31 December 2007. 
Resolution: To approve Company financial statements for the
Year ended 31 December 2007. 

Item4 of the Agenda: Approval consolidated financial statements for the
Year ended 31 December 2007. 
Resolution: To approve consolidated financial statements for the
Year ended 31 December 2007. 

Item5 of the Agenda: Appropriation of the Company's profit of the year 2007. 
Resolution: To approve the appropriation of profit of the year 2007 as follows: 

- Non-appropriated profit at the end of the year 2006 919 713 LTL (266 367
EUR) 
- Net profit of the reporting period -            1 799 363 LTL (521 132 EUR) 
- Total profit to be appropriated -                2 719 076 LTL (787 499 EUR): 
- Renewable reserve funds                        198 116 LTL (57 378 EUR)
- Distributable earnings                              2 917 192 LTL (844 877
EUR) 
- Transfers to the obligatory reserves	      199 750 LTL (57 852 EUR)
- Transfers to other reserves	                          -
- To be paid as dividends	                                               -  
- To be paid as annual payments (bonus) to board of 
   directors,                                                                  
    - 
- Undistributed retained earnings, carried forward	2 717 442 LTL (787 025 EUR)

Item6 of the Agenda: Election of board of directors
Resolution: elected board members : Vytautas Bučas, Darius Šulnis, Raimondas
Rajeckas for next four years. 

Additional information:
Chief Financial Officer
Jelena Makmak
+370 (5) 2525 720