Limarko Laivininkystes Kompanija AB - Notification on material event

Regarding the sale of vessel

Limarko laivininkystės kompanija AB is selling the motor vessel “SERENADA”. The
vessel should be handed over to the buyer in France at the end of May 2013. 

The terms of vessel's sale and purchase are confidential. The vessel is being
sold at market value and the result of sale of the vessel shall not have
substantial effect on Company‘s financial (net) results. 

The proceeds from sale will be used to repay the loans and for general working
capital purposes. 


         Mindaugas Petrauskas
         Executive Director
         Tel. +370 46 340001 ext. 713