Luterma
Arbitral tribunal proceeding
Luterma / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- On 13th of July 2009 Arbitration Institute of Stockholm Chamber of Commerce sent to parties of litigation for examination an arbitration award which is currently by version given to AS Luterma not signed by arbitrators. With 13th of July 2009 arbitration award it is stated, that AS Alta Foods in principle had the right to withdraw from 20.09.2007 concluded contract of sale of shares of AS Luterma subsidiaries based on, that a market disruption occurred on financial markets during validity of contract. Arbitrator professor Paul Varul had a dissenting opinion on published arbitration award. A dissenting opinion is unusual in arbitral tribunal practice and on AS Luterma opinion a dissenting opinion shows that the award is problematical. On 7th July 2009 Arbitration Institute of Stockholm Chamber of Commerce announced that final award will be published on 5th August 2009. On 13th July 2009 sent arbitration award covering letter stated that final award will be published on 20th of July 2009. AS Luterma will plan its future activities in connection with arbitration award after having received the final arbitration award. Allan Viirma Head of Legal Services 688 6600 News Source: NASDAQ OMX 14.07.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Luterma Estonia Phone: Fax: E-mail: Internet: ISIN: EE3100002460 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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