GRIGISKES

MATERIAL EVENT



PERFORMANCE RESULTS FOR THE 5 MONTHS PERIOD



(Unofficial Translation Done at the NSEL)



Over the first five months period of the year GRIGIŠKĖS AB, the largest

producer of hardboard and sanitary paper recorded sales and services for LTL

40,419,000, earning a profit of LTL 3,094,600. As compared with the same period

of 2003, the company’s profit went up by 8.47 % (profit for the same period in

2003 was LTL 2,853,000), and sales and services augmented by 31.4%

(in 2003 – LTL 30,759,000).



During May 2004, GEGUŽĖS AB earned a profit of LTL 719,300. As compared to May

of 2003, the profit figures soared by 1.5 times (in May 2003, it was recorded

at LTL 476,000).



The company’s sales and services in May increased by 24.5%, as compared with

the same period for the previous year and amounted to LTL 8,347,000. The sales

and services for May 2003 made up LTL 6,702,000.





Gintautas Pangonis

General Manager

(+370 5) 243 58 00