ALT investicijos AB - Notification on material event

Re filing for bankruptcy

Alytus, Republic of Lithuania., 2010-12-22 10:46 CET (GLOBE NEWSWIRE) -- As
specified in the 21 December 2010 Notice on Material Event, the Company has
informed of its having no assets, income and any real prospects for future
activities. It also informed of being insolvent and announced having no
possibilities to settle accounts with its creditors or discharge its
obligations to the creditors either today or in the future. In view of these
facts, please be informed that on 22 December 2010, based on the provisions of
legislative acts, the head of the Company filed for bankruptcy of the Company
by submitting an application to that end to the District Court of Kaunas. 

Pursuant to the provisions of the Law on Company Bankruptcy, at least within 1
month of receipt of such application, the court or the judge shall pass a
ruling on suing for bankruptcy or refusal to sue. Due to important reasons the
Court shall have the right to extend the term for preparation to examine the
bankruptcy case in the court, but no longer than for one month. 

The shareholders of the Company may familiarise themselves with the
above-mentioned application regarding filing for bankruptcy of the Company and
the copies attached thereto in the registered office of the Company during
business days and upon an advance coordination of the exact time with the head
of the Company. 

For any additional information please refer to Vytautas Junevičius, Director
General of the Company, tel.: (8 315) 57243. 

Vytautas Junevičius, Director General, AB „ALT investicijos“




         Vytautas Junevičius  (8 315) 57243.