Limarko Laivininkystes Kompanija AB - Notification on material event

Operational results for the first half of 2013

The unaudited results for the first half of 2013 of Limarko laivininkystes
kompanija AB (LLK) were prepared in accordance with the International Financial
Reporting Standards. 

The revenue of LLK for the first six months of 2013 amounted to LTL 23.9
million (EUR 6.9 million) and decreased by 20% when compared to the revenue of
LTL 29.9 million (EUR 8.7 million) during the first six months of 2012. 

EBITDA for the first half of 2013 was LTL 8.9 million (EUR 2.6 million). EBITDA
for the first six months of 2012 was LTL 8.7 million (EUR 2.5 million). 

The profit of LLK for the first six months of 2013 was LTL 1.0 million (EUR 0.3
million). The loss of LLK for the first six months of 2012 was LTL 21.8 million
(EUR 6.3 million). 

At the beginning of the year the freight level in reefer cargo market was
higher when compared to 2012. However, the freight rates decreased in mid-May
due to seasonality in the market, which results in lower freight rates during
summer-autumn season. It is forecasted that the off-seasonal correction will be
deeper this year due to declining banana trade (due to political and weather
conditions in Latin America, which is world's largest banana supplier), as well
as continuing sharp competition with container lines. 

Dry-docking of two vessels is planned for the third quarter of 2013.


         Mindaugas Petrauskas
         Executive Director
         Tel. +370 (46) 340001 ext. 713