Lietuvos energijos gamyba, AB - Notification on material event

On adopted Resolution of the Court

Elektrėnai, Lithuania, 2016-12-21 08:45 CET (GLOBE NEWSWIRE) -- Lietuvos
Energijos Gamyba, AB, company code 302648707, registered office at Elektrinės
st. 21, Elektrėnai (hereinafter referred to as the Company). The total number
of registered ordinary shares issued by company is 635 083 615, ISIN code –
LT0000128571. 

Please be advised that on the 20 December, 2016 Supreme Administrative Court of
Lithuania rejected Company’s appeal and Vilnius Regional Administrative Court
decision dated 21 September, 2015 by which Vilnius Regional Administrative
Court dismissed Company’s claim on the dismissal of the resolution „On the
results of Lietuvos Energijos Gamyba, AB audit” (the Resolution), dated 30
September 2014, No. O3-818, of the National Commission for Energy Control and
Prices (the Commission) remained unmodified. 

Thereby the Company would like to remind that the Commission by this Resolution
approved act on audit, dated 19 September, 2014, No. E3-2 and decided to reduce
Company’s income from the supported electricity produced in Lithuanian power
plant, owned by the Company, by 6.14 million EUR and to reduce the income from
services for ensuring the security of power reserve by 7.44 million EUR. 

The decisions of the Commission, stated in the Resolution, are implemented in
the period of 2015-2016 reporting years. 


         Valentas Neviera, Head of Corporate Communication Division, tel. +370
670 25997, e-mail. valentas.neviera@le.lt