Change in substantial shareholding


Pursuant to § 185 and § 187 of the Securities Market Act, the asset management  
company UAB SEB Investiciju Valdymas notified AS Baltika that the aggregate     
holding of its pension fund SEB pensija 2 has exceeded the 5% threshold of the  
voting stock in AS Baltika.                                                     

According to the notice, as of 18 February 2009, the number of shares held by   
the pension fund amounts to 1,040,641 which represents 5.58% of the total voting
shares of AS Baltika.                                                           


Triin Palge                                                                     
Head of investor relations                                                      
+372 630 2886