VILNIAUS VINGIS

MATERIAL EVENT



BUSINESS PLAN FOR 2002 APPROVED



At the meeting of the Management Board of AB Vilniaus Vingis of 1 March 2002,

the company’s business plan for 2002 was approved. Sales volumes of not less

than LTL 147.0 million are planned, which is by 6.8% more than in 2001 (sales

of LTL 137.7 million). The anticipated profit is expected to reach LTL 10.0

million (in 2001, LTL 9.3 million).

In February 2002, sales volumes reached LTL 11.3 million. During the first two

months of the current year, the company sold its products for LTL 22.9 million,

or by 1.3% more than during the corresponding period in 2001. Such a growth

resulted from a 5.4% increase in export. More products are exported to Germany

(LTL 1.0 million), England (LTL 0.7 million). For the first time, the kinescope

factory Samsung SDIH in Hungary  purchased deflection yokes for LTL 0.4

million. This year, the export level reaches LTL 68.1% (during January –

February 2001, this level did not exceed 65.5%).





Ramūnas Pelanis

Head of the division

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