Grigiskes Stock Exchange Release 2007 01 16 Announcement according accident in company Ltd. "Baltwood" JSC GRIGIŠKĖS, 110012450, Vilniaus str. 10, Vilnius – Grigiškės. To Lithuanian Securities Commission, Vilnius Stock Exchange, BNS, ELTA, http://www.grigiskes.lt. The information about accident represented by media was inaccurate. It was announced that accident happened in company JSC "Grigiškės". We inform that accident happened in company Ltd. "Baltwood" - company's JSC "Grigiškės" daughter enterprise. JSC "Grigiškės" controls 100 % block of shares of Ltd. "Baltwood". The manufacturing is stopped partly till the fact-finding is in process. In Ltd. "Baltwood" the timber conversion works are planed to restart on this wednesday (17 01 2007). Only 10 % of annual turnover of Ltd. "Baltwood" consist in annual selling of The Group, so it will not have essential influence to the Group results. Gintautas Pangonis General Director (+370-5)2435801