Snaige AB - Notification on material event

Regarding termination of public tender for sale of shares of OOO Techprominvest held by the company

Alytus, Lithuania, 2011-11-14 15:13 CET (GLOBE NEWSWIRE) -- Snaigė AB, legal
entity code: 249664610, office address: Pramonės str. 6, Alytus (hereinafter,
the “Company”). 

On 14 November 2011 the Board of the Company decided to terminate the public
tender for sale of 100% of shares of OOO Techprominvest (hereinafter, “TPI”),
held by the Company (as it is indicated in the notification on material event
of the Company, dated 3 October 2011), as during the tender no offer was
received, in which the purchase price of shares of TPI would be not less than
the minimal sale price of this asset, set by the Company. 


         Managing Director
         Gediminas Čeika
         +370 315 56206