Snaige AB

Major Shareholding Notification • Oct 1, 2018

Disclosure 364987

Snaige - Notification on material event

Company’s information on the Equity

On 31st May 2018 Company has published interim financial statements for the first three months period and later on 31st August 2018 has published interim financial statements for the six months period and has disclosed that the Company's equity on 31st March 2018 and on 30st June 2018 was less than 1/2 of its authorized capital and was dissatisfied with the article 38 point 3 of the Law on Companies of the Republic of Lithuania. On 30 April 2018 shareholders of the company decided to reduce the authorized capital, but due to formal discrepancies, it was not registered. On the date of this notice, the Company still does not meet with this equity requirement. Company's required minimum amount equity would be resolved after implementation of 1st October 2018 the extraordinary shareholders meeting decision on the reduction of Company’s authorized capital.

Managing Director

Gediminas Čeika

+370 315 56206