Grigiskes AB - Notification on material event

GRIGISKES AB launches construction of a new paper manufacturing machine.

Vilnius, Lithuania, 2013-07-02 12:57 CEST (GLOBE NEWSWIRE) -- Implementing the
investment program GRIGISKES AB and TOSCOTEC S.p.A. signed a contract for a new
paper manufacturing machine design, supply and installation. Under this
contract TOSCOTEC S.p.A. undertook obligations to deliver and install equipment
and to start the production of papertill the end of the year 2014. "It is
planned that the investment in the new papermanufacturing machine will reach
LTL 53 Mio (EUR15.3 Mio), of which LTL 35 Mio (EUR 10.1 Mio) will be financed
by bank loan." - recalls G. Pangonis, president of the company. 

As it is already announced, GRIGISKES AB plans that at the end of 2014 when it
has implemented the investment program, sales of the company's products will
double in the following two years. It is hoped that the growing sales figures
of the group of companies will reach LTL 500 Mio (EUR 145 Mio). 


         Gintautas Pangonis
         President of GRIGISKES AB
         (+370-5) 243 58 01