GRIGISKES

MATERIAL EVENT



ACTIVITY RESULTS OF 5 MONTHS OF THE CURRENT YEAR



(Unofficial translation done at the NSEL)



The sales and services of Grigiškės AB, Lithuania’s leading producer of

cardboard and sanitary paper products, during five months of the current year

amounted to LTL 30.8 million, which is 20.8 percent more than during a

corresponding period last year (sales and services amounted to LTL 25.5

million). In May, the company’s sales jumped by 39.6 percent totaling LTL 6.7

million, compared with LTL 4.8 million last May.

The net profit of Grigiškės AB in January-May of the current year stands at

LTL 2 million 853 thousand, which is 4.6 times more than during a corresponding

period last year (LTL 620 thousand). The current May’s profit is 4.6 times

higher than the profit earned by the company last May.





Gintautas Pangonis

Managing Director

(370 5) 243 58 01