Alita AB - Notification on material event

The reconstruction boiler-house

JSC ALITA, code 149519891, registered address: Miskininkų g. 17, LT-62200,
Alytus. 
“Alita” JSC in order to increase competitiveness of production and to decrease
environmental pollution has started to realise reconstruction boiler-house,
modernization thermo-property and thermo-stations. Throughout the
reconstruction period vill be assembled two 10,4 MW total heating power water
boiler and three high efficiency 450 KW total power electrics generators. The
produced power will be used for the company's needs. “Alita” JSC had provided
Lithuanian Business support Agency with an application in order to receive
financial assistance for the implementation of the Project. The support of up
to 3 473 034 litas (1 005 860 EUR) from the European Structural Funds and the
budget of Lithuanian Republic for the implementation of the Project was granted
of the minister of economy of the Republic of Lithuania. The total value of the
Project is about 7 million Lt (2 million EUR). Predictable end of Project is
January 2010. 
The information notice is non-confidential.
For further information please contact: Technical service manager Rimas
Jovaisas, +370 315 57266. 
Vytautas Junevicius,