KLAIPEDOS BALDAI

MATERIAL EVENT



PRELIMINARY RESULT FROM OPERATIONS IN THE FIRST QUARTER 2004



(Unofficial Translation Done at the NSEL)



The preliminary result from operations of Klaipėdos Baldai AB in the first

quarter of 2004 is a profit of LTL  984,723 before taxes.





Dalius Jarmalavicius

Finance and Administration Director

(+370-46) 31 39 58