Panevezio Statybos Trestas AB - Notification on material event

Performance Results for the First Quarter of 2008

Referring to the preliminary data the group of one of the largest construction
companies in the country, Panevėžio statybos trestas (PST), was on the income
of 93.2 mln. Litas (27 mln. EUR) for the first quarter of this year and made
the before tax profit in the amount of the 3.4 mln. Litas (0.995 mln EUR). For
the period January through September 2007 the income amounted to 127.3 mln.
Litas (36.9 mln. EUR) and the before tax profit amounted to 4.3 mln. Litas (1.2
mln. EUR). 

Some pieces of Panevėžys Combined Power Plant equipment were installed in the
first quarter of 2007 resulting in significant increase in sales. Though the
income of the first quarter of 2008 is lower, the total profitability increased
by 3.4 % compared to the first quarter of the year 2007. 



For more information contact:
Dalė Bernotaitienė
Finance Director
PST AB
Phone: 8 45 505 507