Snaige AB - Notification on material event

On the implementation of mandatory non-competitive tender offer report

Alytus, Lithuania, 2012-06-06 15:13 CEST (GLOBE NEWSWIRE) -- On 6 June 2012
Snaigė AB received a report from its shareholder VAIDANA, UAB on the
implementation of the mandatory non-competitive tender offer. 

 Through the implementation period of the tender offer, VAIDANA, UAB  bought-up
12,379,525 ordinary registered shares of Snaigė AB, with nominal value of LTL 1
each (ISIN code LT0000109274), which represent 31.24 percent voting rights at
the general meeting of shareholders of the company. 

 The report on the implementation of the tender offer is attached here too.


         Managing Director
         Gediminas Čeika
         +370 315 56206

Attachments:

Statement.pdf