Snaige - Notification on material event

Regarding payout of dividends related to 2016

Alytus, Lithuania, 2017-05-03 15:21 CEST (GLOBE NEWSWIRE) -- AB "Snaigė",
Pramones str.6, Alytus, Lithuania. 

 The April 25, 2017 general meeting of shareholders of Snaigė AB (company code
249664610, address: Pramones str. 6, Alytus, Lithuania) resolved to distribute
the company’s profit of 2016 and to allocate dividends to the company’s
shareholders amounting to EUR 0.024 (before taxes) per share. 

Dividends will be paid to the shareholders who are shareholders of Snaigė AB at
the end of the tenth business day after approval of the resolution by general
meeting of shareholders, i.e. May 10, 2017. 

Dividends will be paid starting from May 11, 2017.

Dividends will be paid in the following procedure:

For those shareholders, whose securities accounting is handled by securities
dealers or departments of credit institutions providing the securities
accounting services, net of tax dividends (after deducting Personal Income Tax
or Income Tax in accordance with the laws of the Republic of Lithuania) shall
be transferred to the securities dealers or departments of credit institutions,
and they shall accordingly transfer them to the account of those shareholders. 

Dividends to other shareholders will be paid upon a written request by bank
transfer to their personal account. The requests, containing personal bank
account details, should be submitted in written form and sent to the company’s
address (AB "Snaigė", Pramones str.6, Alytus, Lithuania or e-mail address
akcininkams@snaige.lt). 

The dividends are subject to taxes as follows:

Dividends paid to physical bodies resided in the Republic of Lithuania as well
as to physical bodies residents of foreign countries are subject to 15 per cent
of residential income tax and will be paid after deduction of taxes, which will
be paid to the Republic of Lithuania budget. 

Dividends paid to juridical bodies of the Republic of Lithuania as well as
juridical bodies residents of foreign countries are subject to taxes as it is
provided in Republic of Lithuania law. 

The information available by AB "Snaigė" phone +37052113589


         Managing director
         Gediminas Čeika