2011-03-01 07:58:54 CET

2011-03-01 08:00:02 CET


BIRTINGARSKYLDAR UPPLÝSNINGAR

Imoniu grupe ALITA, AB - Interim information

Consolidated non-audited activity results for year 2010 


Corrected: language of announcements has been corrected

Alytus, Lithuania, 2011-03-01 07:58 CET (GLOBE NEWSWIRE) -- Company group
ALITA, AB consolidated non-audited activity results for year 2010 according to
the International Accounting Standards amounted to LTL 80,3 million (EUR 23,3
million) net loss. 

The consolidated sales incomes for year 2010 amounted to LTL 88,1 million (EUR
25,5 million). 

As it was publicly announced by announcing the spin-off terms on 29 September
2009 and in the 9 December 2010 notification, on 23 October 2009 the three
party agreement was signed between “Swedbank”, AB, the Company and AB “ALT
investicijos”, where under the Company and AB “ALT investicijos”, as joint and
several debtors, obliged to perform the obligation of each other to “Swedbank”,
AB, arising from the 29 June 2006 credit line agreement No 06-046799-KL (with
later supplements and amendments). 

The loss of  Group of Companies ALITA, AB was conditioned by the fact that due
to the institution of the bankruptcy proceedings against AB “ALT investicijos”,
in accordance with the above mentioned three party agreement, the Company, as a
co-debtor of AB “ALT investicijos”, has incurred a duty to actually assume the
obligations of AB “ALT investicijos” to “Swedbank”, AB, which constituted LTL
70.842 thousand (EUR 20,517 thousand) on the 31 December 2010. 

We would like to inform additionally that as regards the conditions of the
mentioned credit, currently intensive negotiations are under way with
“Swedbank”, AB, which, as the main creditor of the Company, demonstrates a big
interest to retain and ensure further implementation of the activities of the
Company. Information about these negotiations was announced publicly in the
notifications dated 9 and 22 December 2010. 

Note: when comparing Group‘s results of the financial years 2009 and 2010,
which start on the 1st of January and end on the 31st of December, it should be
noticed that the Group of Companies ALITA after the spin-off started its
activities on the 7th of October, hence, the comparison information given in
the audited consolidated financial reports for the year 2009 is for the period
of 3 months - from the 7th of October to the 31st of December. Therefore, due
to the incomparability of the period of Group's activities, the consolidated
activities result must not be compared. 

Enclosed:

- interim consolidated unaudited financial statements for 12 months of2010;

- confirmation of persons responsible for the financial statement;



This information is also available at http:// www.alita.lt






         Loreta Naguleviciene, Finance and administration director, +370 315
57200.