Interim consolidated report of AB Grigeo covering three months of 2018 and endorsement of the responsible persons

Vilnius, Lithuania

During the three months of 2018, the Group consisting of AB Grigeo , UAB "Grigeo Baltwood", AB "Grigeo Klaipeda", PAT "Mena Pak" and UAB "Grigeo Recycling" achieved the consolidate sales turnover of EUR 36.1 million. It is by EUR 5.9 million more than during the three months of 2017.

During the same period in question, the Company's sales amounted to EUR 20.5 million, which is by EUR 4.2  more than in the same period last year.

During the reporting period, the Group earned EUR 3.5 million profit before taxes, which is  by 133% more than in the same period last year.

During the three months of 2018, the Company earned EUR 0.8 million profit before taxes.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the Group, if compared with the three months of 2017, increased by 40%, during the three months of 2018, EBITDA of the Group was EUR 7 million, of the Company EUR 2.7 million.

More information is provided in the interim consolidated report of AB "Grigeo” covering the three months of 2018 with endorsement of the responsible persons (see attachments).

Gintautas Pangonis

President of AB Grigeo

(+370-5) 243 58 01

Attachments

• GRI2018yIq interim report EN
• GRI2018yIq responsible confirmation