KLAIPEDOS BALDAI

MATERIAL EVENT



PRELIMINARY ACTIVITY RESULT FOR THE 1ST QUARTER OF 2003



(Unofficial translation done at the NSEL)



The preliminary activity result of Klaipėdos Baldai AB of the 1st quarter of

2003 before taxes and not yet approved by the Board is profit of LTL 2,769

thousand.





Dalius Jarmalavičius

Finance Director

(370 46) 31 39 58