VST AB - Notification on material event

The draft resolutions of the Extraordinary General Shareholders Meeting of VST, AB

According to the decision of the Board of VST, AB the Extraordinary General
Shareholders Meeting of VST, AB is called on January 4, 2010 and shall take
place at the office of the company J.Jasinskio 16C, Vilnius, 5th floor, at
10.00 AM. The shareholders will be asked to approve the following items: 

1.	The item of agenda: “Regarding the preparation of reorganization conditions
for Rytų skirstomieji tinklai AB and VST, AB by the way of merger”: 
1.1. To assign the preparation of conditions of reorganization of Rytų
skirstomieji tinklai, AB and VST, AB by the way of merger to the Management
Boards of Rytų skirstomieji tinklai, AB and VST, AB.“ 

2. The item of agenda: “Regarding the amendment of the Bylaws of VST, AB”
2.1. To amend the article 63 of the Bylaws of VST, AB and to word it as follows:
„63. Company's notices that according to the laws, other legal acts and/or
these bylaws should be published in press, in news paper “Lietuvos žinios”. If
there is no possibility to publish Company's notices in newspaper “Lietuvos
žinios”, they, according to the laws, other legal acts and/or these bylaws
should be published in other newspaper of Lithuanian Republic. Company may
publish notices in other ways as well.“ 
2.2. According to the decision mentioned in item 2.1 of this protocol, to
approve the new wording of the Bylaws of VST, AB (enclosed). 
2.3. To authorize the Chief Executive Officer of Company to sign the new
wording of the Bylaws of the Company set forth by the Law and to perform other
necessary actions abiding by the procedure to registry thereof in the Register
of Legal Entities under the  procedure established by legislation. 

Initiator of the shareholders meeting: LEO LT, AB.
The date and time of the Extraordinary General Shareholders Meeting: January 4,
2010, 10.00 AM. 
The account date of the Extraordinary General Meeting of Shareholders: the 28h
of December, 2009. Shareholders that own VST, AB shares on the end of the
working day of 28th of December, 2010, shall have the right to participate in
convened Extraordinary General Meeting. 
The shareholders meeting place: Vilnius, Jasinskio str. 16C (5th floor). 
Registration starts: January 4, 2010, 9.25 AM.
Registration ends: January 4, 2010, 9.55 AM.

More information about the Extraordinary General Meeting of Shareholders of
VST, AV (the draft decisions of the Extraordinary General Meeting of
Shareholders, power of attorney to represent at the Extraordinary General
Meeting of Shareholders, voting bulletin of the Extraordinary General Meeting
of Shareholders and other information) can be found on the web page of the
company http://www.vst.lt/. 

Vytautas Kazimieras Aranauskas
Chief Executive Officer 

Person for contacts:
Jolita Faktorovičienė
Jurist of Legal Department
Phone +370 5 2781270