Klaipedos Baldai AB

Company event



1.1 Convocation of the general meeting of shareholders; 1.2 the Board's

proposal regarding profit distribution



1.1 On March 2, 2005 the Board of Klaipedos Baldai AB decided to convene a

general meeting of shareholders of the company to be held on April 19, 2005 at

1.00 p.m. in the premises of the company (Joniskes 21,LT-91267 Klaipeda).



On the Agenda:

1) The Supervisory Board's opinion on the Company's Financial Statements for

2004, draft profit distribution and Annual Report prepared by the Board.

2) Auditor's Report;

3) 2004 Annual Report;

4) Approval of Financial Statements for the year 2004;

5) Approval of the draft distribution of the profit of 2004;

6) Election of the Auditor for 2005 and establishment of the terms of

remuneration for audit services;

7) Approval of the new wording of the Articles of Association of the Company;

8) Mortgage.

Registration day of the general meeting of shareholders is April 12, 2005.



1.2 The Board of Klaipedos Baldai AB decided to refrain from giving any

proposals to distribute profit in the form of dividend, and as a result allocate

the free funds for investment.





Gintautas Misiukevicius

Head of Public Relations

(+370 5) 2101160, +370-687-73355