Snaige AB - Interim information

Overview of Company‘s business activities during the reporting period

According to the non audited consolidated financial information the AB
“Snaigė“has achieved a consolidated turnover of 100 million LTL during 9 months
of 2009. Major part of turnover, namely 86.7 million LTL, the company achieved
in Alytus plant. The work in in Kaliningrad plant was suspended since beginning
of the year due to ruble devaluation and economic recession in Russia. 

During the nine months of 2009 AB „Snaigė“had 32.5  million LTL non audited
consolidated loss before taxes. Large part of the loss  - 12 mln.LTL was
incurred due to write-off of overestimated market value of Kaliningrad factory.
The loss due to the ruble devaluation amounted to over 5 million LTL, and
severance pay for dismissed employees amounted to around 5 million LTL. 

Currently, Alytaus plant is running on 100% capacity works five days a week. In
September the customs duty for AB „Snaigė“products to Moldova and Ukraine has
been cancelled.  The company expects export increase to these countries. 

The consolidated non-audited interim financial reports for 9 months of 2009 and
the confirmation of accountable persons (attached). 


Managing Director   
Gediminas Čeika
+370 315 56206
www.snaige.lt

Attachments:

sng_statements_qiii.pdf