Lietuvos Juru Laivininkyste - Notification on material event

PC " Lithuanian shipping company " sale of motor vessel " Daina "

Klaipeda, Lithuania, 2014-07-08 15:43 CEST (GLOBE NEWSWIRE) -- 

Consistently implementing approved company's strategic business plan for the
years 2014-2016, on the 8th July 2014 PC “Lithuanian shipping company”  has
concluded an agreement to sell the company's  motor vessel “Daina”. The
delivery of the vessel to the buyer is planned to take place by the end of July
2014. The conditions of the sale are confidential. Preliminary accounting loss
of this transaction is USD 0.5 million . Funds received from the sale will be
used for working capital and repayment of the loan. 



Arvydas Stropus

Chief Accountant

Ph. +370 46 393126