Lifosa AB - Notification on material event

Ruling of Panevezys District Court came into force

On November 16, 2011, the Ruling of Panevezys District Court, dtd. 05-11-2011
came into force in the civil case under the claim of the plaintiffs A. S., L.
D., V. N on mandatory share buy-up price against the respondents Joint-stock
company "Mineral and Chemical Company „EuroChem", EuroChem A.M.Limited and the
third persons. By this Ruling Panevezys District Court approved a Peace Treaty
signed by the parties and declared the civil case nonsuit.  By this Peace
Treaty the parties have agreed the price of 53,85 LTL (fifty-three litas and
eighty five cents) payable for each AB „Lifosa" share, bought up during the
process of mandatory buy-up of shares. The respondents undertook to transfer
additional AB „Lifosa" share price portion (i.e.  6,85 LTL/each share (six
litas and eighty five cents) for each share, bought up during the process of
mandatory buy-up of AB „Lifosa" shares) to the bank account opened at  AB SEB
Bank  in  15 (fifteen) workdays from the above mentioned Ruling of Panevezys
District Court validation date. Upon the money transfer made by the
respondents, AB SEB Bank, under the terms and conditions of the agreement with
the respondents, will pay the respective amounts to AB „Lifosa" shareholders,
the company's shares are bought up from. 


         For more information - Zigmas Ezerskis, Chief Financial Controller,
tel.: + 370 347 66262.