Lietuvos Dujos - Notification on material event

Regarding resolutions carried by Lietuvos Energija, UAB regarding Energijos Skirstymo Operatorius, AB

Vilnius, Lithuania, 2015-12-18 14:00 CET (GLOBE NEWSWIRE) -- Public limited
liability company Lietuvos Dujos, identification code 120059523, the address of
the head office: Aguonų str. 24, LT-03212 Vilnius, The Republic of Lithuania.
The total number of registered ordinary shares issued by the Company 290 685
740, ISIN code LT0000116220. 

Lietuvos Dujos, AB (hereinafter referred to as the “Company”) hereby notifies
that on 18 December 2015, the Company received a letter from Lietuvos Energija,
UAB (hereinafter referred to as “Lietuvos Energija”) which controls 96.64% of
the Company’s shares whereby information was provided on the resolutions
carried by the Supervisory Board of Lietuvos Energija. 

The letter pointed out that during the meeting which was held on 18 December
2015 the Supervisory Board of Lietuvos Energija approved Liudas Liutkevičius
for the candidacy to the office in the Management Board of Energijos Skirstymo
Operatorius, AB (company code 304151376, registered office Aguonų g. 24,
Vilnius) (namely, Chairman of the Board and General Manager) as proposed by the
Management Board of Lietuvos Energija. Liudas Liutkevičius currently holds the
position of the Chairman of the Management Board and General Manager of the
Company. 

The Company reminds that during the extraordinary general meetings of
shareholders of the Company and LESTO, AB, which took place on 3 December 2015,
the resolutions were adopted to reorganise these companies by setting up a new
legal entity, namely, Energijos Skirstymo Operatorius, AB, following their
merger.  The same day, during the meetings of the Supervisory Board and
Management Board of Energijos Skirstymo Operatorius, AB, Aidas Ignatavičius was
elected to hold the position of the Chairman of the Board and of the General
Manager of Energijos Skirstymo Operatorius, AB. 

On 8 December 2015, announcements on corporate action of Lietuvos Dujos, AB and
LESTO, AB under reorganisation, was made  notifying of the resignation of Aidas
Ignatavičius from the office of the Chairman of the Management Board and the
General Manager of  LESTO, AB and Energijos Skirstymo Operatorius, AB from 1
January 2016, given the fact that on the same day he was elected to the
position of the General Manager of Vilniaus Vandenys, UAB. 

The Company hereby notifies that in the nearest future all actions related to
the assignment of Liudas Liutkevičius to the office of the Chairman of the
Management Board and the General Manager of Energijos Skirstymo Operatorius,
AB, will be taken in accordance with the procedure established by legislation. 

Any subsequent actions and decisions will be announced by the Company publicly
in accordance with the laws. 

Information is not confidential.


         Head of Communications Laura Šebekienė, Tel. No +370 633 99940