Grigiskes - Notification on material event

AB Grigeo Klaipedos Kartonas launched a new paper honeycomb line

Vilnius, Lithuania, 2016-01-11 11:12 CET (GLOBE NEWSWIRE) -- AB Grigeo
Klaipėdos Kartonas, a subsidiary company of AB Grigeo Grigiškės has
successfully implemented an investment project and met the year 2016 with a new
honeycomb production line, which has already started to produce commercial
products. 

The investment value of the project amounts to EUR 1.5 million. The new line to
the existing honeycomb productivity will contribute 25 million m² of production
per year, thereby increasing the total annual capacity to 38 million m². 

This is one more step in AB Grigeo Grigiškės group strategy, expanding the
honeycomb sales volume and consequently increasing the company's
competitiveness and market value. 


         Gintautas Pangonis
         President of AB „Grigeo Grigiškės“
         (+370-5) 243 58 01