Panevezio Statybos Trestas - Notification on material event

Initiation of Bankruptcy Proceedings

Panevezio statybos trestas AB informs that the decision on initiation of
bankruptcy proceedings against Baltlitstroj OOO, the subsidiary company of
Panevezio statybos trestas AB, adopted by the Arbitration Court of Kaliningrad
Oblast, Russian Federation, has entered into force. The bankruptcy proceedings
are currently in progress. 



Contact person:

Dalius Gesevicius

Managing Director

Tel.: (+370 45) 505 503