Pramprojektas AB - Notification on material event

Notice on the intent to have the company shares removed from AB NASDAQ OMX Vilnius Stock Exchange Secondary List and to suspend public offer of shares

In pursuance of Part 5 Article 38 and Item 3 of Part 8 of Article 48 of the Law
on Securities of the Republic of Lithuania, the Board of  Pramprojektas  AB
(legal form: public limited liability company, business address Donelaicio 60,
LT-44248, Kaunas, filed with the Municipality of Kaunas City on 6 December
1993, registration number 3387335, re-registered with the Register of Legal
Persons on 22 December 2004, register code assigned to the company: 133873358,
registered authorised capital LTL 5,970,972 (five million nine hundred and
seventy thousand nine hundred and seventy two litas), hereinafter referred to
as the Issuer, hereby announces of the intent to consider the issue of having
the company shares removed from AB NASDAQ OMX Vilnius Stock Exchange Secondary
List and suspension of public offer of shares. The said issue is going to be
considered on 15 April 2010. 

1) Information on the intended announcement of a mandatory tender offer: after
a resolution on having the company shares removed from AB NASDAQ OMX Vilnius
Stock Exchange Secondary List is adopted on 15 April 2010 at the Extraordinary
Meeting of the Issuer by at least a majority of 3/4 of votes held by all shares
present at the Meeting and resolution to suspend public offer of shares is
adopted by at least a majority of 2/3 of votes held by all shares present at
the Meeting , the shareholders who have voted for the resolutions shall
announce a mandatory tender offer. One shareholder shall assume the obligation
on behalf of all shareholders. Within the effective term of the mandatory
tender offer, the shareholders who voted "against" the resolution on having the
company shares removed from AB NASDAQ OMX Vilnius Stock Exchange Secondary List
and resolution to suspend public offer of shares or who did not vote on the
said resolution shall be entitled to sell their shares. 

2) The reason for having the shares removed from AB NASDAQ OMX Vilnius Stock
Exchange Secondary List and suspension of public offer of shares is the small
number of shares circulating at the stock exchange and passive trading. 

3) The Issuer shall take all required steps to make all the means and
information available to the shareholders, which would enable them to execute
their rights during the term of the tender offer. In the manner prescribed by
the legislation, the Issuer shall publish information on the procedure of
execution of the tender offer in the daily Kauno diena, as prescribed by the
Issuer's Articles of Association. 

4) Anticipated changes in the managing bodies and activities of the Issuer:
N/A. 

5) Bid price and the basis for establishing it: the preliminary  price of the
mandatory tender offer (the bid price) is 1,57 LTL  (one litas and twenty two
cent), i.e. the weighted average market price of the Issuer's shares over 6
months before this notice was published (from 09 September 2009 through 09 
March 2010). 



Marius Vaivada
Chairman of the Board
+370 37 223355