Grigeo AB Completes Structural Changes and Spins Off Tissue Paper Business as Independent Subsidiary

Grigeo AB, soon to be known as AB Grigeo Group, has successfully completed the structural changes within the Grigeo group of companies. On April 30, 2024, the Company transferred its tissue paper business to its 100% owned subsidiary, UAB Grigeo Tissue. This subsidiary is now the legal entity responsible for the tissue paper business, with its information registered with the Register of Legal Entities of the Republic of Lithuania.

The transfer of the tissue paper business to Grigeo Tissue involved an increase in its authorized capital and payment for newly issued shares by the Company in exchange for the business. This transfer essentially moved all assets, rights, and obligations related to the tissue paper business to Grigeo Tissue, making it an independent economic unit within the company.

Once the Articles of Association of Grigeo Tissue are registered with the Register of Legal Entities of the Republic of Lithuania and the authorized capital is increased, the Company will acquire newly issued shares of Grigeo Tissue. This exchange will formalize