LESTO AB - Notification on material event

Regarding the adopted Decision of the Supervisory Authority Director of the Bank of Lithuania

On 17 December 2013  LESTO AB (hereinafter - the Company) received the Decision
of the Director of the Supervisory Authority of the Bank of Lithuania dated
December 17, 2013 regarding the Infringement case No. 241-236 of LESTO AB. 

The Company is obliged to notify that under the decision of Director of
Supervisory Authority of the Bank of Lithuania, Company is warned on
infringement of Securities Law Article 21, paragraph 5, also, the financial
statements of Company in 2012 did not comply with the provisions of the Article
31 of the 16 IAS ‘Property, plant and equipment' and Article 9 of the 36 IAS
‘Impairment of the assets'. The Company has not reassessed the fair value and
the recoverable amount of Company's assets at the date of the financial
statements as required by IAS. This non-compliance with IAS requirements was
the reason for qualified opinion by the independent auditor's report for the
2012 financial statements, which states that the change of laws for regulated
activity could have a significant negative influence on the Company and the
Group's fair and recoverable values of assets. Currently, the Company is unable
to reliably assess the influence of this non-compliance in 2012 in financial
statements. 

In 2014, Company will perform an independent valuation of its assets, which
will meet the above requirements of IAS. The results of valuation of assets
will be published in Company's and the Group's annual stand-alone and
consolidated financial statements. On 23 October, 2013, Company has started a
public procurement process buying an independent property valuation services. 

.This notice is deemed non-confidential


         Representative for Public Relations Ernestas Naprys, Tel. No (8~5) 251
4516.