Resolutions adopted at the meeting of the Board on 22 August 2008


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