Limarko Laivininkystes Kompanija AB - Notification on material event

Operational results for the first quarter of 2010

The unaudited results for the first quarter 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 quarter of 2010 amounted to LTL 33.3 million
(EUR 9.6 million) and decreased by 14% when compared to the revenue of LTL 38.6
million (EUR 11.2 million) during the first quarter of 2009. 

During the first quarter of 2010 LLK achieved the EBITDA of LTL 5.95 million
(EUR 1.72 million) and the EBITDA margin was 18%. The EBITDA for the first
quarter of 2009 was LTL 10.35 million (EUR 3.0 million) and the EBITDA margin
was 27%. 

The loss of LLK for the first quarter of 2010 was LTL 12.11 million (EUR 3.5
million). The loss of LLK for the first quarter of 2009 was LTL 10.55 million
(EUR 3.0 million). 

The main reasons affecting the results of the first quarter of 2010 were:
- the rise of the exchange rate of the US Dollar, which resulted in the
currency exchange rate change loss of LTL 10.8 million (EUR 3.1 million). 
- Decrease of revenue due to the prolonged ban on imports of frozen poultry
products from the United States to Russia (veterinary disagreements). 


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