To the Securities Commission of the Republic of Lithuania, Vilnius Stock Exchange, BNS, ELTA, www.grigiskes.lt. The Board meeting on 22 August 2008 discussed: JSC Grigiskes results of six months 2008, revised budget for the year 2008 and revised investment plan for the year 2008. Over six months of this year the Group's which consists of JSC Grigiskes and daughter enterprise Baltwood LTD reached a turnover of LTL 77,1 mln. (EUR 22,3 mln.), comparing with the same period 2007 the sales increased by 14,2 %. Over the six months of 2007 Group's turnover was LTL 67,5 mln. (EUR 19,5 mln.). The Group loss reached LTL 132,2 thousand. (EUR 38,3 thousand.). Comparing to the earlier plan, Group's reached lower results were caused by adverse situation in the market, which caused lower sales results and higher prices of the raw materials. The Board meeting approved revised budget for year 2008. This year the Group plans to reach turnover of LTL 160 mln. (EUR 46,3 mln.) and earn a profit before taxes of LTL 1,4 mln. (EUR 0,4 mln.). The Board meeting approved the revised investment plan for the year 2008. This year the Group plans to invest LTL 27,1 mln. (EUR 7.8 mln. ) Gintautas Pangonis General Director (+370-5) 243 58 01