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Snaige AB Capital/Financing Update 2008

Apr 7, 2008

2250_iss_2008-04-07_c1a91aef-8d84-4ea3-9fdf-e5d06a546683.html

Capital/Financing Update

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Disclosure 257540

Snaige AB - Notification on material event

The subscription of "Snaige" AB convertible bonds has ended

On 4 April 2008 the subscription of „Snaige“ AB convertible bonds with maturity of 367 days, annual interest rate of 14% has ended. During the subscription period the whole issue of nominal value of LTL 20 000 000 (EUR 5 792 400) was successfully subscribed. Managing Director Gediminas Ceika +370 315 56206