Snaige AB - Notification on material event

CORRECTION: Snaigė AB has fully redeemed the bonds issued in 2010

Technical error has been corrected: 23386 units was converted by Company‘s
shareholders into Snaige AB ordinary  shares. 

Alytus, Lithuania, 2011-04-18 13:56 CEST (GLOBE NEWSWIRE) -- On the 11th of
April, 2011, Snaigė AB had fully redeemed the bonds LT1000401315 - 61 372
units, issued in 2010. The part of the bonds (23 386 units) was converted by
Company‘s shareholders into Snaigė AB ordinary  shares, the rest was redeemed
by the Company Snaige AB. 


         Managing Director
         Gediminas Čeika
         +370 315 56206