Snaige AB — Board/Management Information 2010

Jun 7, 2010

Disclosure 279246

Snaige AB - Notification on material event

AB„Snaigė“ resumes 5 days working week

From June 10, 2010 AB ”Snaigė“ will resume 5-day working week from the current 4-day working week. According to Gediminas Čeika, managing director of AB „Snaigė“, the reason for longer working week is increased demand and summer season, which traditionally is the most active time for the sale of refrigerators. The company has enough orders for increased production for coming months, however, it is still too early to predict that the appliance market is recovering. Managing Director Gediminas Čeika +370 315 56206