Snaige AB

M&A Activity • Jun 6, 2012

STATEMENT ABOUT THEEXECUTIONOF THEMANDATORY NON-COMPETING TAKEOVERBID

1. UAB "VAIDANA", legal person's code 302473720, address: Konstitucijos av. 7, Vilnius, the Republic of Lithuania, tel. No.: +370 5 268 1976

(The Offeror'sfirst name and last name or the name, address, telephone and fax numbers of the enterprise)

• 1. Joint stock company (AB) "Snaigė", legal person's code 249664610, address: Pramonės str. 6, Alytus, the Republic of Lithuania, tel. No.: (8 315) 56 206, fax. No.: (8 315) 56207 (theOfferee's name, address, telephone and fax numbers)
• 1. The Bank of Lithuania decision to approve the circular of takeover bid adopted on15 March 2012, No.: S2012/(21-13-2100)-12-1433

(Date and number of the decision of the Bank of Lithuaniato approvethe circular of the takeover bid or to amend its terms)

• 1. Takeover bid implementation commencement date: 21 March 2012, ending date: 29 May 2012 (The commencement and ending dates of execution of the takeover bid)
• 1. Type and class of the securities subject to takeover bid: ordinary registered shares; ISN code: LT0000109274; nominal value: 1 LTL (one Lithuanian litas)

(Type, class, ISIN code, nominal value of the tendered securities)

1. Number of securities subject to takeover bid: 15 905 727 (fifteen million nine hundred five thousand and seven hundred twenty seven), constituting 40,14% (forty and fourteen hundredth per cent) of the authorised capital of AB "Snaigė" and granting 40,14% (forty and fourteen hundredth per cent) votes in the general meeting of shareholders of AB "Snaigė"

(Number (in units) of securities subject to takeover bid, their share in the authorised capital (share capital in case of a bank) of the Offeree and the number of votes (%))

1. Number of purchased AB "Snaigė"securities: 12 379 525 (twelve million three hundred seventy nine thousand and five hundred twenty five) ordinary registered shares (ISIN code LT0000109274), constituting 31,24% (thirty one and twenty four hundredth per cent) of the authorised capital of AB "Snaigė" and granting 31,24% (thirty one and twenty four hundredth per cent) votes in the general meeting of shareholders of AB "Snaigė"

(Number (in units) of purchased securities in the Offereeby ISIN codes, their share in theOfferee's authorised capital (share capital in case of a bank) and the number of votes (%))

1. 12 379 525 (twelve million three hundred seventy nine thousand and five hundred twenty five) ordinary registered shares

(Number of theOffereess shares (units) that have been actually paid up)

/signature/

On behalf of UAB "Vaidana" Attorney Aurimas Augustinavičius Acting under power of attorney

_______________________

Signature date: 6 June 2012