Regarding the appointment of a new Managing Director

Limarko Laivininkystes Kompanija AB 

29.06.2012 15:36
---------------------------------------------------------------------------

On 29th June 2012 the Board of Limarko laivininkystes kompanija AB appointed
Mr. Mindaugas Petrauskas as the head of administration of the Company. As from
2nd July 2012 he will become the Managing Director of the Company. 

Mr. Vytautas Lygnugaris, the longstanding CEO of the Company, shall remain the
Chairman of the Board of the Company and shall head the parent company Limarko
UAB. The change is made with a view to implement the best practices of
corporate governance, where different persons are appointed to the positions of
the Chairman of the Board and the Managing Director. 

Mr. Mindaugas Petrauskas has been working in Limarko Group since 2004. Before
the current appointment he was the Vicepresident of the Company. He is a lawyer
by education and has gained maritime law and shipmanagement knowledge in the
United Kingdom. According to the Chairman of the Board, Mr. Vytautas Lygnugaris
'The experience gained and accumulated by Mindaugas Petrauskas will prove
valuable to the Company'. 


         Vytautas Lygnugaris
         Chairman of the Board
         Tel. +370 46 340001 (ext. 713)
News Source: NASDAQ OMX



29.06.2012 Dissemination of a Corporate News, transmitted by DGAP - 
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Limarko Laivininkystes Kompanija AB
              
               
              Lithuania
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LT0000119646
WKN:          
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------