Limarko Laivininkystes Kompanija AB - Notification on material event

New organizational and management structure of Limarko laivininkystes kompanija AB approved

The Board of Limarko laivininkystės kompanija AB, aiming to optimise the
management of the company and to reduce management costs, approved the new
organizational and management structure of the company. 

In the new structure, the head of administration shall be the CEO, which
replaces the current position of the President. After this amendment Mr.
Vytautas Lygnugaris shall remain the head of the administration. 

As of 2 February 2009, the company shall operate through its four departments -
Operations, Technical, Finance and Legal and Corporate Affairs.  The latter is
established by reorganising the Personnel department and other departments. Mr.
Audronis Lubys shall be Chief Operations Officer, Mr. Steponas Ranonis - Chief
Technical Officer, Mr. Renaldas Vyšniauskas - Chief Financial Officer, Mr.
Mindaugas Petrauskas - Director for Legal and Corporate Affairs. Chief
Operations and Technical Officers shall be the vice CEOs. 

The positions of the CEO and vice CEOs are planned to be effected by amending
the Articles of Association of the company in the annual General Meeting. 


Vytautas Lygnugaris
President and CEO
Tel. +370 46 340001-713