Snaige AB - Notification on material event

Regarding announcement on the impact to the Company’s financial results of sale of the subsidiary’s real estate in Russia

Alytus, Lithuania, 2013-10-16 08:02 CEST (GLOBE NEWSWIRE) -- As it was
indicated in the notification on material event of AB “Snaige” (hereinafter,
the “Company”), dated 9 October 2013, the real estate of the subsidiary of the
Company OOO “Techprominvest” was sold. 

Hereby we inform that the Company is intending to announce an additional
notification on material event, indicating the impact of the mentioned
transaction to the financial results of the Company. In the Company's
Management opinion, this data shall objectively reflect the profitability of
the concluded transaction. 

Please also note that on the day of this notification such results, which inter
alia depend on the executed investments into the sold real estate, expenditures
for the preparation of its sale and other financial indicators, are not
calculated by the Company. The Company shall announce a relevant notification
on material event, as soon as these results shall be established (the Company
expects to have this data till the end of November 2013). 


         Managing Director
         Gediminas Čeika
         +370 315 56206