VILNIAUS BALDŲ KOMBINATAS

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING



(Unofficial translation done at the NSEL)



On 3 April 2003, a General Meeting of Vilniaus Baldų Kombinatas AB was held and

adopted the following resolutions:

1.approval of the report of the Managing Director on the company’s activity in

2002;

2.familiarisation with the conclusions of the company’s firm of audit and the

internal auditor;

3.approval of the company’s annual financial statements for 2002;

4.approval of the company’s profit distribution; adoption of the decision to

pay to shareholders dividends of LTL 0.30 per share;

5.election of Ernst&Young Baltic UAB as the company’s auditor for 203;

6.election of the company’s Supervisory Board.





Gediminas Banaitis

Chief financier

(370 5) 252 57 20