Rytu Skirstomieji Tinklai AB - Notification on material event

The preliminary consolidated result of the group of companies of Rytų Skirstomieji Tinklai AB for 2008

The preliminary (unaudited) consolidated result of the group of companies of
Rytų Skirstomieji Tinklai AB (hereinafter ‘the RST Group') for 2008 according
to International Financial Reporting Standards 

Operating revenue of the RST Group for 2008 was LTL 1,197.1 mln (EUR 346.7
mln), i.e. up by 12.7 pct from the 2007 result of LTL 1,062.4 mln (EUR 307.7
mln); 
Earnings before Interest, taxes, depreciation and amortisation (EBITDA) of the
RST Group for 2008 made up LTL 251.9 mln (EUR 73.0 mln), i.e. by 11.5 pct
higher than in 2007 when EBITDA was LTL 226.0 mln (EUR 65.5 mln); 
Loss before taxes of the RST Group for 2008 amounted to LTL 87.7 mln (EUR 25.4
mln), while 2007 witnessed a profit before taxes of LTL 87.6 mln (EUR 25.4
mln); 
Net loss of the RST Group for 2008 was LTL 82.1 mln (EUR 23.8 mln), and in 2007
net profit equalled LTL 73.7 mln (EUR 21.3 mln); 
Investments of the RST Group for 2008 made up LTL 256.1 mln (EUR 74.2 mln),
i.e. down by 6.2 pct from LTL 273.0 mln (EUR 79.1 mln) in 2007. 
The loss of the RST Group, compared to the expected results announced
previously (projected net loss of LTL 25 mln), was higher due to the
revaluation of assets carried out at the end of 2008 (LTL 47.2 mln influence on
the final result), the first ever decrease in sales in the last quarter
year-on-year. 

Person for contacts:

Head of Marketing and Communication Division	          	
Kristina MažeikytėPhone: +370 5 255 2528