AUGA group — Regulatory Filings 2016

Nov 24, 2016

Regarding the decision of the Supervision Service of the Bank of Lithuania

Regarding the decision of the Supervision Service of the Bank of Lithuania

AUGA Group, AB has received Decision No. 241-246 of 21 November 2016 of the
Supervision Service of the Bank of Lithuania, under which it has been obliged
to publish a notice containing the following information:

1. To impose a penalty of EUR 3,000 (three thousand) on AUGA Group, AB, for the
   failure to comply with the mandatory instruction of the Bank of Lithuania.

2. To obligate AUGA Group, AB, to ensure that the fair value of 100% block of
   shares of UAB eTime Invest, which was used as the payment for a part of the
   authorised capital of AUGA Group, AB, is re-estimated in compliance with the
   provisions of the Law on Companies and the Law on the Bases of Property and
   Business Valuation, with due consideration to the significant circumstances
   existing prior to the date of using the shares of UAB eTime Invest as the
   payment for the shares of AUGA Group, AB, so that the fair value of UAB eTime
   Invest complies with the requirements of IFRS 3. Should it be established that
   the shares of AUGA Group, AB, are not fully paid up, to ensure that this
   situation is rectified retrospectively according to the requirements of the law
   by and before 1 March 2017.

To meet the criteria of transparency and access to information, where
necessary, the Company will inform about its subsequent actions in connection
with the decision of the Supervision Service of the Bank of Lithuania.

     Vladas Bagavičius
     Member of the Board
     +370 5 233 53 40