AUGA group - Notification on material event

Regarding the decision of the Supervision Service of the Bank of Lithuania

AUGA Group, AB has received Decision No. 241-246 of 21 November 2016 of the
Supervision Service of the Bank of Lithuania, under which it has been obliged
to publish a notice containing the following information: 



1. To impose a penalty of EUR 3,000 (three thousand) on AUGA Group, AB, for the
failure to comply with the mandatory instruction of the Bank of Lithuania. 

2. To obligate AUGA Group, AB, to ensure that the fair value of 100% block of
shares of UAB eTime Invest, which was used as the payment for a part of the
authorised capital of AUGA Group, AB, is re-estimated in compliance with the
provisions of the Law on Companies and the Law on the Bases of Property and
Business Valuation, with due consideration to the significant circumstances
existing prior to the date of using the shares of UAB eTime Invest as the
payment for the shares of AUGA Group, AB, so that the fair value of UAB eTime
Invest complies with the requirements of IFRS 3. Should it be established that
the shares of AUGA Group, AB, are not fully paid up, to ensure that this
situation is rectified retrospectively according to the requirements of the law
by and before 1 March 2017. 



To meet the criteria of transparency and access to information, where
necessary, the Company will inform about its subsequent actions in connection
with the decision of the Supervision Service of the Bank of Lithuania. 




         Vladas Bagavičius
         Member of the Board
         +370 5 233 53 40