The Management Board of Trakcja – Tiltra S.A. (“Company”) hereby informs that today, i.e. on 29 June 2012, the General Meeting of the Issuer’s subsidiary: Lithold ABwith its registered office in Vilnius (Lithuania) (previously: Tiltra Group AB) adopted a resolution on the liquidation of the company as part of insolvency proceedings. According to the requirements of the Lithuanian law, the company did not appoint a liquidator. The reason of adopting the resolution on the liquidation of Lithold AB was negative financial results for the financial year 2011 and failure to perform obligations towards creditors. Pursuant to the resolution, a petition to declare the insolvency of Lithold AB will be filed within two months from the date of its adoption.