LEKS KINDLUSTUS

ANNOUNCEMENT

23.03.99

 

DECISION OF LEKS KINDLUSTUSE AS SUPERVISORY BOARD

 

On 22.03.1999, the Supervisory Board Leks Kindlustuse AS made a 

decision, according to which Leks Kindlustuse AS, as the holder of 

36.5% shares in insurance company Ukio Draudimas, will not make 

additional investments to the share capital of Ukio Draudimas. The 

additional capitalization of Ukio Draudimas is necessary to meet the 

valid capital requirements.

 

The Lithuanian Insurance Inspectorate has asked the shareholders of 

Ukio Draudimas to present their final decision regarding the 

capitalization by 25.03.1999, at the latest.

 

The Lithuanian Insurance Inspectorate discusses the questions regarding 

Ukio Draudimas on 25.03.1999. Leks Kindlustuse AS holds 2372 shares in 

Ukio Draudimas (i.e. 36.5% of share capital). According to the 

22.03.1999 decision of the Supervisory Board of Leks Kindlustuse AS, 

the aforementioned shares will be sold shortly.

 

 

Ivo Viires

Legal director

Leks Kindlustuse AS 

Tel. +372 626 7270