CORRECTION: Interim financial reports for 12 month of year 2009 and preliminary results for year 2009 of AB „Snaigė“

Corrected: Profit (Loss) Report - general and administrative expenses,
extraordinary gain and Cash Flows Statements. 
1. Preliminary consolidated non-audited results for 2009
Revenues from sales and other activities:   123.518 m.Lt (35.77 m.EUR).
Loss before tax:                            -35.53 m. Lt    (- 10.29 m.EUR), 
Net loss:                                   -36.45 m. Lt (-10.56 m.EUR), 
EBITDA:                                     -19.85 mln. Lt (-5.75 mln.EUR). 

2. The 2009, as well as for most Lithuanian companies, was one of the hardest
years in the Company history. Large household appliances industry has
sensitively reacted to the economic downturn - the market has contracted by
40-50 percent, in some countries even by 70 percent. 
AB Snaige has timely and appropriately prepared for the downturn - the business
was restructured, manufacturing was reorganized, number of employees was
decreased. During 2009 the company has decreased operating costs by almost 11
m. LTL. Despite the downturn, in 2009 the company managed to work steadily,
saved majority of markets and demand of manufactured products. 
The most sever loss of AB Snaigė in 2009 - the close down of manufacturing
plant in Kaliningrad. The decision to close the factory was taken in the
beginning of the year when due to the devaluation of rubble manufacturing in
Russia became unprofitable. The company incurred consolidated loss of 12 m.LTL
due to the closure of the plant and lost position in Russian market. 
Other factors which negatively affected company's results:
•	Additional 13% import duty in place in Ukraine from March till September has
significantly decreased sales in the country. 
•	Loss due to the bad debt totalled 2.1 m.LTL.
•	Lower capacity utilization resulted in higher labour costs and increase of
indirect cost of goods sols the company lost 2 m.LTL. 
•	Severance compensation totalled 4 m.LTL.
•	Due to unfavourable change in currency exchange rate the company lost 3.5
m.LTL. 
•	Common effect of economic downturn factors totalled 21.5 m.LTL
3. The company presents consolidated non-audited interim financial report for
12 months of 2009 together with confirmation by responsible persons regarding
accuracy of the report. 

Managing director
Gediminas Čeika
8 315 56206