Snaige AB - Notification on material event

Opinion of the Board of Snaigė AB about the submitted mandatory non-competitive tender offer to buy shares of the company

Alytus, Lithuania, 2011-03-24 15:18 CET (GLOBE NEWSWIRE) -- The Board of Snaigė
AB, having familiarised itself with the mandatory non-competitive tender offer
material presented to it by the offerors KJK Fund SICAV-SIF, Firebird Republics
Fund, Ltd. and Firebird Avrora Fund, Ltd., in its meeting held on 24 March 2011
made the following statement (attached). 


         Managing Director
         Gediminas Čeika
         +370 315 56206

Attachments:

Boards opinion on the offer (Snaige) (EN).pdf