Linas - Notification on material event

AB “Linas” Group of companies’ partial change of activity

Panevezys, Lithuania, 2015-08-28 09:07 CEST (GLOBE NEWSWIRE) -- On August 28,
2015 the director of UAB “Lino apdaila” Nijole Sventickiene has informed the
Board of AB “Linas” about the notice of UAB “Verslo dizainas” regarding the
unilateral breach of equipment rent contract from 08-10-2015. After the
evaluation of this information the Board decided: 

            1.To continue AB Linas activity organizing creation of textile
items, sewing services and sales, without in-house production of fabrics. 

            2.Production of fabrics previously provided in-house are to be
contracted out with external partners. 

            3.To negotiate with UAB “Verslo dizainas” regarding the retain of
weaving and finishing employees work places and transfer, and to secure their
social guarantees. 








         AB “Linas” director
         Saulius Sidlauskas
         +370 45 506100