Imoniu grupe ALITA, AB - Notification on material event

Re application to the Competition Council of the Republic of Lithuania with request to issue a permit for the intended concentration

Alytus, Lithuania, 2011-09-07 14:37 CEST (GLOBE NEWSWIRE) -- Hereby we inform
you that on 7 September 2011, FR&R Invest, IGA S.A. Luxemburg (code B161760,
registered address 3a Rue Guillaume, Kroll L-1882, Luxemburg) (the Investor)
applied to the Competition Council of the Republic of Lithuania for the permit
to implement the intended transaction under which the Investor would acquire up
to 100 % of shares in Įmonių grupė ALITA, AB, (code 302444238, registered
address Miškininkų g. 17, Alytus, Republic of Lithuania) (the Company) thus
acquiring control over the Company and its subsidiaries AB ANYKŠČIŲ VYNAS (code
254111650, registered address Dariaus ir Girėno g. 8, Anykščiai, Republic of
Lithuania) and UAB A.L.D. (code 151461114, registered address A. Goštauto g.
12A, Vilnius, Republic of Lithuania). 

We remind that on 7 September 2011, the main shareholder and the chairman of
the Board of the Company Vytautas Junevičius (the Shareholder) notified the
Company that he has concluded with the Investor agreements which are the basis
for the Investor to acquire a control shareholding in the Company (the Shares)
in the Company's authorised capital by way of increasing the Company's
authorised capital and granting the right to the Investor to acquire all newly
issued Shares (the Transaction). One of the conditions precedent for the
completion of the Transaction - the Competition Council of the Republic of
Lithuania will issue a permit for concentration to the Investor. 

Notification on further course of the Transaction will be given accordingly.




         Additional information is provided by the General Director Paulius
Kibiša, tel.: (8 315) 57243.