AB Linas Announces Board Changes

Linas AB (Linas PLC) is a Lithuania-based company active within the textile industry sector. The Company's main activity is the production and distribution of textile products, as well as management of financial property. The Company's products portfolio includes table, bed and kitchen linen, fabrics, as well as interior decoration, such as napkins, placemats, runners, tablecloths, aprons, mittens, potholders, towels, pillow cases, duvet covers, bed sheets, curtains. The Company operates through one subsidiary, Lino apdaila UAB. The Company's products are sold domestically, as well as exported to Sweden, Spain, Belgium, Finland, Denmark, the United States, France and Japan, among others. As of December 31, 2011, the Company's major shareholder was Rentija UAB with a stake of 21.01%.