On April 27th, 2018 an expansion strategy was approved by the AB K2 LT (“Company”) General Meeting of Shareholders. The Board of the Company decided to commence a review of different strategic options supporting further development of the Company. The cremation business in Lithuania has reached a more mature stage of development and has experienced a decline in growth rates recently. The Management Board believes there are opportunities in the market for geographic expansion and vertical integration that would deliver growth and attractive returns for the Company. The Board also believes the Company may be an attractive investment opportunity for regional and global strategic and financial investors. Various strategic options will be contemplated during the review, in particular: search for an investor for the Company or an issue of the Company’s shares, strategic partnership, merger or joint venture. The intended purpose of the review is to choose the optimal way to execute the company’s long-term growth strategy. The company has retained Superia Corporate Finance as its exclusive financial advisor to assist in this review.

As of this moment, no decisions regarding any specific strategic options have been made by the Board. The Company will disclose relevant information publicly in accordance with applicable legal requirements.

Vytenis Labanauskas

Director

vytenis@rekviem.lt