Limarko Laivininkystes Kompanija AB - Notification on material event

Operational results for the nine months of 2010

The unaudited results for the nine months of 2010 of Limarko laivininkystes
kompanija AB (LLK) were prepared in accordance with the International Financial
Reporting Standards. 

The revenue of LLK for the nine months of 2010 amounted to LTL 96.4 million
(EUR 27.9 million) and decreased by 4% when compared to the revenue of LTL
100.0 million (EUR 29,0 million) during the nine months of 2009. 

During the nine months of 2010 LLK achieved the EBITDA of LTL 13.7 million (EUR
4.0 million) and the EBITDA margin was 14%. The EBITDA for the nine months of
2009 was LTL 16.0 million (EUR 4.6 million) and the EBITDA margin was 16%. 

The losses of LLK for the nine months of 2010 amounted to LTL 19.2 million (EUR
5.6 million). The losses of LLK for January - September of 2009 were LTL 2.1
million (EUR 0.6 million). 

The main reasons affecting the results of the first nine months of 2010:
- the rise of the exchange rate of the US Dollar, which resulted in the
currency exchange rate change loss of LTL 10.2 million (EUR 3.0 million); 
- high bunker prices;
- insufficiently active market of carriage of cargo by sea.

Having in mind that the revenue of the company has almost reached the same
level as during the analogous period of 2009 and that the international trade
is recovering, LLK expects to improve and strengthen its results in the last
quarter of the year. 

Vytautas Lygnugaris
Chief Executive Officer
Tel. +370 46 340001 (ext. 713)