Snaige AB - Notification on material event

The authorized capital of Snaige, AB increased nearly 3 million Litas

On 20th of April, 2010 Snaige, AB increased the authorized capital from 27 827
365 Litas to 30 735 715 (thirty million seven hundred thirty five thousand and
seven hundred fifteen) Litas. 

Shareholders of company who owned 8 430 units of year 2009 convertible bonds
LT1000401174 chose to convert securities into ordinary shares of AB “Snaige“.
These shareholders in total will be provided with 2 908 350 ordinary shares of
AB „Snaigė“ with nominal value of one share equal to 1 LTL, by increasing
company‘s subscribed capital with a corresponding value. 

The change of article related with increased authorized capital is registered
in Register of legal entities. 

Managing Director
Gediminas Čeika
+370 315 56206