Panevezio Statybos Trestas AB - Notification on material event

TEMPORARY MEASURES OF PROTECTION REVERSED

On 13 May 2009 Panevėžio statybos trestas AB submitted a claim to the Vilnius
Regional Court requesting to adjudge from Macro Investment UAB the debt in the
amount of 11,241,338.44 Litas, the incurred litigation costs and the interest
at the rate of 15.21% for the amount adjudged from the moment the proceeding
were taken at the court until the court decision is fully satisfied. 

On 10 December 2012 Panevėžio statybos trestas AB received from the Vilnius
Regional Court a claim in the amount of 12,013,432 Litas submitted by Macro
Investment UAB and the application of Macro Investment UAB to the court to
impose temporary measures of protection. 

By the judgement dated 6 December 2012 the court had imposed temporary measures
of protection which on 11 December 2012 were appealed against by an individual
appeal lodged to the Lithuanian Court of Appeals requesting to lift temporary
measures of protection and binding Macro Investment UAB over to pay to the
court deposit account the security for recovery of possible losses of Panevėžio
statybos trestas AB suffered as a result of temporary measures of protection. 

Having investigated the circumstances presented by Panevėžio statybos trestas
AB, on 19 December 2012 the court vacated the judgement dated 6 December 2012
and reversed the imposed temporary measures of protection. 



For more information contact:

Dalius Gesevičius

Managing Director

Phone: (+370 45) 505 503