AUGA group — Capital/Financing Update 2018

Jul 19, 2018

In the course of public offering of shares in AUGA group, AB, the Framework Agreement was signed with European Bank for Reconstruction and Development

In the course of public offering of shares in AUGA group, AB, the Framework Agreement was signed with European Bank for Reconstruction and Development

On 19 July 2018 AUGA group, AB (the “Company”), its major shareholder Baltic Champs Group, UAB (the “Shareholder”), Mr. Kęstutis Juščius (a final beneficial owner of the Shareholder) and European Bank for Reconstruction and Development (“EBRD”) entered into a framework agreement (the “Framework Agreement”) pursuant to which, subject to EBRD subscribing for the newly issued shares of the Company (the “Offer Shares”), offered during the public offering (the “Offering”) under the prospectus, approved by the Bank of Lithuania on 2 July 2018, as amended by its supplement of 17 July 2018, and the Offering completing, the Company has undertaken to comply with certain environment and social compliance and corporate governance recommendations and requirements of the EBRD, whereas the Shareholder, if and as long as EBRD holds more than 3% of the Company’s shares, undertook to vote in favour of the EBRD’s nominee, if any, to the Supervisory Council of the Company.

Notwithstanding the Company, the Shareholder, its final beneficial owner and EBRD having entered into the Framework Agreement, EBRD is under no obligation to acquire any of the Offer Shares in the Offering and the Company is under no obligation to complete the Offering.

The person authorized to provide additional information:

General Manager:

Linas Bulzgys

+370 5 233 5340