Limarko Laivininkystes Kompanija AB - Notification on material event

Proposal to the Shareholders to Acquire Shares of the New Issue by the Pre-emptive Right

Limarko laivininkystės kompanija AB commences the offering of the shares of the
new issue. The beginning of the share offering is the next business day after
the Centre of Registers publishes the proposal to the shareholders to acquire
shares of the new issue by the pre-emptive right, i.e. 29 May 2008.

Shares are issued in accordance with the resolutions of the annual General
Meeting of 11 April 2008. Share issue prospectus was approved by the Securities
Commission of the Republic of Lithuania on 22 May 2008.

Shares shall be offered at one stage and only to the shareholders in proportion
to the number of shares held on the day of the annual General Meeting (11 April
2008). The price of one share of the new issue is LTL 1 (one Litas). Shares
shall be offered, i.e. share subscription agreements shall be concluded, for
the period of 15 (fifteen) calendar days - from 29 May 2008 until 12 June 2008.
Share subscription shall take place at the branches of SEB bankas AB, indicated
in the share issue prospectus. Shares must be paid up within 3 (three) business
days from the conclusion of the agreement and in any case not later than by 3
p.m. on the last day of the share offering. An account for the amounts to be
paid for the shares is opened at SEB bankas AB, details whereof are provided in
the Share subscription agreement.

The share issue prospectus is made available at the office of the Company at
Naujoji Uosto str. 8, Klaipeda; Department of Financial Markets of SEB bankas
AB at Jogailos str. 10, Vilnius; Company's website www.limarko.lt and website
of SEB bankas AB www.seb.lt.


Vytautas Lygnugaris
President and CEO
+370 46 340001 (ext. 711)