Grigeo
Notification on material event

GRIGISKES AB: the results of nine months of 2011

Vilnius, Lithuania, 2011-11-14 14:46 CET -- Over the nine months of 2011 the Group which consists of producing companies Grigiskes AB, Baltwood UAB, Klaipedos kartonas AB and Mena Pak OAO reached a tunover of LTL 235.2 Mio (EUR 68.1 Mio), which is by LTL 65.1 Mio (EUR 18.9 Mio) or 38.3 % higher than it was reached over the same period of 2010.

The Group’s profit before taxes reached LTL 8.3 Mio (EUR 2.4 Mio) and is by LTL 1.4 Mio (EUR 0.4 Mio) higher that it was over the same period of 2010.

Over the nine months of 2011 the Grigiskes AB reached a tunover of LTL 120.4 Mio (EUR 34.9 Mio), which is by LTL 29.6 Mio (EUR 8.6 Mio) or 32.6 % higher than it was reached over the same period of 2010.

The Company’s profit before taxes reached LTL 4.6 Mio (EUR 1.33 Mio) and is by LTL 3.3 Mio (EUR 0.96 Mio) higher that it was over the same period of 2010.

         Gintautas Pangonis
         General Director
         (+370-5) 243 58 01