Lifosa AB - Notification on material event

AB „Lifosa“ starts the implementation of the capital investment project

Since January , 2009 company starts the implementation of the
project  „Expansion of AB „Lifosa“ Efficiency through Implementation of
Innovative Technologies at  Upgraded Feed Phosphate Process“. 
This Project is partially supported by the EU Structural Funds. European
Regional Development Fund allocates 13 712 135 LTL for the introduction of a
new Feed Phosphate line  at the site. 
New Feed Phosphate line will allow to increase twice  the output
of Feed Phosphates - up to 150 000 tons/a. As a result,  the Company will be
able to increase the sales, enter new geographical markets and expand the
exports. 
Company started producing Feed Phosphates in 2001. In 2005 currently
produced Monocalcium Phosphate was awarded a gold medal  at the competition
“Product of the Year 2005”. During 2008 there were produced 61 925 tons of this
product. 
New, fully automated Feed Phosphate plant will enable to produce  higher
quality products. The implementation of the Project „Expansion of AB „Lifosa“
Efficiency through Implementation of Innovative Technologies at  Upgraded Feed
Phosphate Process“  will promote the further development of chemical products
section and will increase the competitive abilities of Lithuanian Chemical
Products within the global markets. 
Completion date of the Project - July 31, 2010.  

For more information please contact PR representative Sonata Patkauskaitė
,phone +370 347 66228 

Regvita Ivanoviene
Chief Financial Officer
tel.: + 370 347 66 331