Rytu Skirstomieji Tinklai AB - Notification on material event

Rytu Skirstomieji Tinklai AB streamlining operations

Rytu Skirstomieji Tinklai AB (RST) has announced an expected LTL 12 mln
decrease in costs for 2008 and plans to reduce them by a further LTL 40 mln
next year. 
RST is cutting costs in a bid to boost efficiency through structural changes.
It has terminated more than 300 employment contracts by mutual consent since
September 2008 and is working to improve procurement procedures. 

Head of Marketing and Communication Division	          	
Kristina Mažeikytė

tel. 255 25 28