Limarko Laivininkystes Kompanija AB - Notification on material event

Regarding the decision of the Securities Commission of the Republic of Lithuania

Klaipeda, Lithuania, Limarko Laivininkystes Kompanija AB, 2010-12-16 15:23 CET (GLOBE NEWSWIRE) -- The Securities Commission of the Republic of Lithuania, after considering the
case No. 12K-17 regarding the conformity of financial statements of Limarko
laivininkystes kompanija AB (hereinafter -- LLK) for 2009 with International
Accounting Standards (IAS), on 9 December 2010 decided that the financial
statements of LLK for 2009 are not in conformity with Article 60 of 1 IAS"Presentation of financial statements". 

If the financial statements of LLK for 2009 were in strict accordance with IAS,
i.e. liabilities under loan agreements were accounted in accordance with 1 IAS,
as of 31 December 2009 current liabilities would increase and non-current
liabilities would decrease by 55,779 thousand Litas. 

In the opinion of the management, this circumstance was disclosed in the
independent auditor's report. 

The financial statements will be corrected retrospectively and announced
together with the financial statements for 2010 until 31 May 2011. 

         Vytautas Lygnugaris
         Chief Executive Officer
         Tel. +370 46 340001 ext. 713