Snaige AB - Notification on material event

AB “Snaigė” finished subscription of new bond issue

On 30 October 2009 the subscription period of AB „Snaigė“ bonds with maturity
of 160 days and annual interest rate of 18% has ended. During the subscription
period 15 996 bonds with a nominal value of 100LTL were subscribed. 

The issued securities were exceptionally offered only for the holders of AB
“Snaigė” bonds which were not redeemed on 6 April 2009 by allowing to swap one
non-redeemed bond to one newly issued. During the subscription period all the
non-redeemed bonds were swapped with the newly issued ones and all the
obligations related to the bond issue not redeemed on 6 April 2009 were fully
covered. 

Managing Director
Gediminas Čeika
+370 315 56206