Grigiskes		Stock Exchange Release			2005 12 22



Resolutions adopted at the meeting of the Board on 21 December 2005



The Board meeting on 21 December 2005 approved a budget and an investment plan

for the year 2006. Next year the Group (AB “Grigiskes” and UAB “Baltwood”) plans

to invest to production LTL 26 mln. (EUR 7.5 mln.), reach a turnover of LTL 135

mln. (EUR 39.1 mln.) and earn a profit (after taxes) of LTL 7.7 mln. (EUR 2.2 

mln.)



The Board adopted a resolution to propose for the next year Annual General

Meeting to pay none less than LTL 2 mln. (EUR 0.58 mln.) of dividends.



In the year 2005 the Group is planning to reach a turnover of LTL 104.8 mln.

(EUR 30.35 mln.) and earn an unaudited profit of LTL 9.1 mln. (EUR 2.64 mln.)



Gintautas Pangonis

General Director

(+370-5)2435801