KLAIPEDOS BALDAI

MATERIAL EVENT



UPDATED AGENDA OF THE SHAREHOLDERS’ MEETING



At 10am, on 30 December 2000, the general meeting of AB Klaipėdos Baldai

shareholders will take place at the company’s premises at 21 Joniškės St.,

 in Klaipėda.

On the revised agenda:

1) increase of the authorised capital;

2) amendments to the Articles of Association due to the increase of the

authorised capital;

3) no pre-emptive rights for all shareholders to acquire the company’s shares;

4) revocation of the Supervisory Board;

5) election of a new Supervisory Board;

6) approval of the Board’s decisions regarding funding of the activity,

mortgage and sale of the company’s long term assets the value of which is

larger than 1/20 of the company’s authorised capital;

7) other current issues.





Evaldas Venckus

Director of economics

8-26-313945