BELVEDERE S.A. announced it's plans


The French concern BELVEDERE S.A., to which Vilniaus degtine, AB belongs,
announced and proposed to the French court it's plans, by which concern is
going repay it's debts in full (debts amounts about 600 mln. EUR) over 10 years
period.  Belvedere S.A. plans to sell some realty and secondary brands, which
belongs to concern's secondary companies in order to expedite repayment. AB
“Vilniaus degtine” has no information about official decisions concerning
possible sale of BELVEDERE S.A. concern's property in Lithuania at the moment. 

Renaldas Barauskas
Deputy CEO

+370 5 2330819