Snaige AB

Declaration of Voting Results & Voting Rights Announcements • Mar 8, 2011

From:

Amber Trust S.C.A., KJK Fund SICAV-SIF, Firebird Republics Fund, Ltd. and Firebird Avrora Fund, Ltd., represented by Martyno Česnavičiaus residing at B. Sruogos st. 21, Vilnius

$To:$

Lithuanian Securities Commission Konstitucijos ave. 23, LT-08105 Vilnius

Public limited liability company "Snaige" Pramonės st. 6, LT-62175 Alytus

CLARIFICATION ON THE NOTIFICATION OF A GROUP OF THE ACQUISITION OF VOTING RIGHTS

On 8 February 2011 Amber Trust S.C.A., Luxembourg Société d'Investissement à Capital Fixe Qualifying as fonds d'Investissement specialise, with its registered address at 412F, route d'Esch L-1030 Luxembourg, registration No. B 87 145 (hereinafter, "Amber"), provided to public limited liability company "Snaige" (hereinafter, the "Company") and Lithuanian Securities Commission with the notification of a group of the acquisition of voting rights (hereinafter, the "Notification"), which on the same day was announced by the Company as it is required according to the applicable laws.

Due to the technical mistake in the Notification incorrect number of shares of the Company, held by Amber and voting rights granted thereof were indicated $-2,732,825$ . The correct number is 3,091,625 shares and voting rights granted thereof.

Taking into consideration the aforementioned, hereby we provide you with a revised Notification and kindly ask the Company to announce it in accordance with the applicable laws.

ATTACHED:

Revised Notification of a group of the acquisition of voting rights.

On behalf of Amber Trust S.C.A., KJK Fund SICAV-SIF, Firebird Republics Fund, Ltd. and Firebird Avrora Fund, Ltd.

Martynas Česnavičius authorised person

NOTIFICATION OF A GROUP OF THE ACOUISITION OF VOTING RIGHTS

1. Public limited liability company "Snaige", legal entity code 249664610, registered address at Pramones st. 6, Alytus, Lithuania.

(name, code, registered address, State of the issuer)

1. The reasons for crossing the threshold (specify the relevant reason):

Conclusion of the Shareholders' Agreement

acquisition or disposal of voting rights (underline the necessary and indicate the specific reason)

$\Box$

acquisition or disposal of securities that subject to a formal agreement upon a request of the owner thereof grants the right to acquire in the future the shares already issued by the issuer (underline the necessary and indicate the specific reason)

$\begin{bmatrix} 1 \end{bmatrix}$

the event resulting in the change of the number of the voting rights held (indicate the specific event)

1. Amber Trust S.C.A.

(name and last name of the person who has acquired or disposed of the voting rights, or the name of the company)

$4.$

(name and last name or the corporate name of the shareholder, if different from the person indicated in item 3)

1. Date of the transaction (enter) and

The date on which the threshold was crossed (specify if different)

• 1. Threshold that was crossed (specify)
• 1. Data submitted

Voting rights granted by the shares
Class of	Number of shares and		The number of shares and voting rights held at the date of
shares,	voting rights held prior		crossing the threshold
ISIN	to the acquisition or
code	disposal of the voting
	rights
	Number of	Number of	Number of	Number of			Number of voting rights
	shares	voting	shares	voting rights (units)		(%)
	(units)	rights	(units)
		(units)
			Directly	Directly	Indirectly	Directly	Indirectly

7 February 2011 30 %

Ordinary	11,875,795	11,875,795	3,091,625	3,091,625	8,784,170	10,06	28,58
registered
shares of AB
"Snaige"
(securities ISIN
code
LT0000109274)
		Total $(A)$	3,091,625	3,091,625	8,784,170	10.06	28.58

Data on the securities that subject to a formal agreement upon a request of the owner thereof grants the right to acquire in the future the shares already issued by the issuer Date of expiry of The dates of Number of voting Number of voting Name of securities the securities conversion and/or rights to be rights to be acquired through acquired through the exercise of the rights granted by the exercise of the the exercise of the rights attached to the securities rights attached to the securities the securities $(\% )$ (units) $Total(B)$

Total number of voting rights (A+B)
	Number of voting rights (units)	Number of voting rights $(\%)$
Total	11.875.795	38.64

8.

The chain of controlled entities actually managing the voting rights and/or securities that subject to a formal agreement upon a request of the owner thereof grants the right to acquire in the future the shares already issued by the issuer (to be completed if necessary)

1. In case of voting by proxy: the right granted to the proxy by a

(name and last name of the proxy)

power of attorney to vote at his own discretion in respect of

number of the voting rights (units, %)

expires on

$(data)$

1. This notification is provided on behalf of the following persons, the votes of which to be calculated collectively: KJK Fund SICAV-SIF, Firebird Republics Fund, Ltd., Firebird Avrora Fund and Amber Trust S.C.A.

(additional information)

LIST OF PERSONS FORMING THE GROUP THAT SUBMITS THE NOTIFICATION OF THE ACQUISITION OF VOTING RIGHTS

1. KJK Fund SICAV-SIF, Luxembourg company Société d'investissement à capital variable – fonds d'investissement spécialisé, with registered address at 412F, route d'Esch L-1030, Luxembourg, registration No. B 86 729

Number of shares held	Number of votes held directly
5,666,350	5,666,350

1. Firebird Republics Fund, Ltd., a company established according to laws of the Cayman Islands, with registered address at c/o Trident Trust Company (Cayman) Ltd., One Capital Place, P.O. Box 847 Grand Cayman, Cayman Islands

∽ _____ Number of shares held	Number of votes held directly
2,456,253	2,456,253

1. Firebird Avrora Fund, Ltd., a company established according to laws of the Cayman Islands, with registered address at c/o Trident Trust Company (Cayman) Ltd., One Capital Place, P.O. Box 847 Grand Cayman, Cayman Islands

Number of shares held	Number of votes held directly
661,567	661,567

1. Amber Trust S.C.A., Luxembourg company Société d'Investissement à Capital Fixe Qualifying as fonds d'Investissement Spécialisé, with registered address at 412F, route d'Esch L-1030, Luxembourg, registration No. B 87 145

Number of shares held	Number of votes held directly
3,091,625	3,091,625

ANNEX TO THE NOTIFICATION OF A GROUP OF THE ACQUISITION OF VOTING RIGHTS

1. The identity of the natural or legal person obligated to submit the notification:

Amber Trust S.C.A., registration No. B 87 145;

(name, last name, personal ID number or the name of the company, code)

412F, route d'Esch L-1030, Luxembourg;

(contact address)

(telephone, fax numbers; e-mail address)

(other relevant information)

1. The identity of the person submitting the notification (where the notification is submitted by a person different from that indicated in item 1)

Martynas Česnavičius:

(name, last name, personal ID number or the name of the company, code)

B. Sruogos st. 21, Vilnius;

(contact address)

tel.: 260 9032, fax: 260 9031, e-mail: mc@profinance.lt; (telephone, fax numbers; e-mail address)

(other relevant information)

1. By signing the present informational notification I hereby confirm that the information presented in the notification of the acquisition or the disposal of voting rights and in this annex is complete and accurate, and that I have familiarised myself with the sanctions imposed for the provision of misleading information as provided for in the Law of the Republic of Lithuania on Securities and in the Code of Administrative Offences of the Republic of Lithuania.

Martynas Česnavičius, signing on behalf of the group of persons, 7 March 2011, Vilnius. (the signature of the person notifying of the acquisition or disposal of shares (name, last name and the signature of the Manager of the Company), the date and place of filling in of the notification)