Company Announcement


The electronic company Vilniaus Vingis AB seeking to clear the business         
activities in the end of previous year created the daughter's company - Vilniaus
Vingio Geba UAB, which partly took over  of Vilniaus Vingis AB activity - the   
production of deflection yokes.                                                 
Based on 31.12.2006 date, in Vilniaus Vingio Geba UAB worked 256 people in      
total, from which 221 people are in production. The situation being complicated 
in the deflection yokes production market and the orders volumes being          
decreasing of the main customers, 118 workers of Vilniaus Vingio Geba UAB were  
gradually dismissed,  paying the dependent money compensation. The orders       
decreasing of the main customer Samsung 87 more workers were stand idle from    
April 18, 2007.                                                                 
Vilniaus Vingis AB constantly carrying on negotiations with main customer -     
color picture tubes production company Samsung due to future production orders  
of deflection yokes. The negotiations are going more active and further. The    
activity of Vilniaus Vingio Geba UAB will depend on the end of these            
negotiations.                                                                   
By preliminary data, the end of negotiations will be clear in the previous week.
Vilniaus Vingis AB the shares are quote on Vilnius Exchange Stock on the current
list.                                                                           

For additional information please apply:                                        
Neringa Menčiūnienė                                                             
Phone: +3705 2392500