Limarko Laivininkystes Kompanija AB - Notification on material event

Operational results for the first half of 2010

The unaudited results for the first half of 2010 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 2010 amounted to LTL 66.9
million (EUR 19.4 million) and decreased by 7% when compared to the revenue of
LTL 71.6 million (EUR 20.7 million) during the first six months of 2009. 

During the first half of 2010 LLK achieved the EBITDA of LTL 10.9 million (EUR
3.1 million) and the EBITDA margin was 16%. The EBITDA for the first six months
of 2009 was LTL 16.1 million (EUR 4.7 million) and the EBITDA margin was 23%. 

The loss of LLK for the first six months of 2010 was LTL 34.3 million (EUR 9.9
million). The loss of LLK for the first six months of 2009 was LTL 2.2 million
(EUR 0.6 million). 

The main reasons affecting the results of the first half of 2010 were:
- the rise of the exchange rate of the US Dollar, which resulted in the
currency exchange rate change loss of LTL 30.0 million (EUR 8.7 million).
However, due to the rise of Euro in July, this currency exchange rate change
loss will be significantly reduced. 
- decrease of revenue due to the prolonged ban on imports of frozen poultry
products from the United States to Russia (veterinary disagreements). The
disagreements have been solved and the company expects that the second half of
2010 will be more successful. 


Vytautas Lygnugaris
Chief Executive Officer
Tel. +370 46 340001 (ext. 713)