VILNIAUS BALDŲ KOMBINATAS

MATERIAL EVENT



CONVOCATION OF THE GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



On the initiative and following the decision of the General Manager of the

Company, a regular general meeting of shareholders of the Company is called on

March 17, 2004, at 3.00 p.m. at the premises of AB Vilniaus baldu kombinatas

(Savanoriu av. 178, Vilnius). Registration of shareholders starts at 14.00 p.m.

Record day of shareholders of the General meeting is March 9, 2004.

Agenda of the meeting:



1. General Manager’s report on the activities of the Company for 2003.

2. The Company’s inspector’s and auditor’s report.

3. Approval of the Company’s financial statements for 2003.

4. 2003 profit distribution.

5. Selection of the auditor‘s company and fixing the auditor’s remuneration.

6. Concerning the change of the name of the Company into AB Vilniaus baldai.

7. Approval of the new wording of the Articles of Associations of the Company.

8. Election of the Board of the Company.





Zita Tumasoniene

Authorized to provide information

(+370 5) 252 57 22