KLAIPEDOS BALDAI

MATERIAL EVENT



AUDITED RESULT APPROVED BY THE BOARD



(Unofficial Translation Done at the NSEL)



On 3 March 2004, Klaipėdos Baldai AB approved the audited result from operation

in 2003, which is LTL 5,119,377; the net profit amounts to LTL 3,909,422.





Dalius Jarmalavicius

Finance Director

(+370-46) 31 39 58