Imoniu grupe ALITA, AB
Notification on material event

On application of interim measures in the case on invalidation of the Articles of Association of the company and of the share subscription agreement

Alytus, Lithuania, 2012-05-18 08:01 CEST -- On 17 May 2012 company group ALITA AB (hereinafter, the “Company”) received a ruling from the Kaunas Regional Court regarding application of the following interim measures, requested by the claimant of the case Plass Investments Limited:

(i) to seize all the shares of the Company owned by the respondent FR&R Invest, IGA S.A. (hereinafter, “FR&R”), restricting the right of FR&R to manage and dispose of the shares of the Company;

(ii) to prohibit the respondents FR&R and Vytautas Junevičius from making use of the voting rights carried by their shares in the Company, when taking decisions on the increase or reduction of the authorised capital of the Company, on amendments to its Articles of Association and appropriation of profit (loss);

(iii) to prohibit the Company, as the respondent, from conducting any transactions in connection with the transfer of securities (shares), real and movable property, trademarks (including, without limitation, AB Anykščių Vynas);

(iv) to prohibit the respondent FR&R from making use of any personal rights granted by shares in the Company, the use of which makes it possible for FR&R to acquire new shares in the Company.

In the opinion of management of the Company, the interim measures were applied in the absence of any legal grounds, further, they are not related to the requirements of the claim of Plass Investments Limited, examined in this case (i.e. to invalidate the Articles of Association of the Company and the share subscription agreement). Consequently, the Company intends to provide to the court a separate appeal regarding cancellation of the aforementioned interim measures.

         Additional information is provided by the General Director Paulius Kibiša, phone number + 370 315 57243.