Energijos Skirstymo Operatorius AB - Notification on material event

Regarding the Extraordinary General Meeting of Shareholders of Energijos Skirstymo Operatorius AB

Energijos Skirstymo Operatorius AB (hereinafter – the Company), identification
code 304151376, registered office placed at Aguonu str. 24, Vilnius, Republic
of Lithuania. The total number of registered ordinary shares issued by company
is 894 630 333; ISIN code LT0000130023. 

An Extraordinary General Meeting of Shareholders of the Company is to be
convened on the initiative and by the decision of the Board of company on 4
July 2016. 

The date, time and place of the Extraordinary General Meeting of Shareholders:
The Ordinary General Meeting of Shareholders of the Company will be held on 26
July 2016, at 10.00 a.m., on the premises of the Company (Aguonų str. 24,
second floor, 207 hall, Vilnius). 

The shareholder registration will start at 9.25 a.m. and will end at 9.55 a.m.

The record date of these General Meetings is 19 July 2016. Only persons who are
shareholders of the Company at the end of the record date of the General
Meeting of Shareholders of company shall have the right to attend and vote at
the Extraordinary General Meeting of Shareholders of the Company. 

The following agenda of the Extraordinary General Meeting of Shareholders of
the Company was approved by the decision of the Board of company on 4 July 2016
and the following draft decisions is proposed: 

Agenda of the Extraordinary General Meeting of Shareholders of the Company:

1.  Regarding the election of the audit company for the audit of financial
reports of Energijos skirstymo operatorius  AB and set of terms of remuneration
for audit services. 

The proposed drafts decision of the Extraordinary General Meeting of
Shareholders of the Company on the abovementioned agenda item: 

1.1. To elect [__________________]  as the audit company for the audit of
Energijos skirstymo operatorius AB for the year 2016 and to pay for audit
services no more than [_______________] (VAT not included)  for the year 2016. 

According to the article 25 part 4 of the Law on Companies, the draft decision
will be replenished when the procedures of the audit company selection will be
finished.  About the changes of the draft decision you will be informed
according the law on Securities of the Republic of Lithuania. 

Shareholders participating in the Extraordinary General Meeting of Shareholders
of the Company shall produce an identity document. Shareholders shall be
granted pecuniary and non-pecuniary rights provided for by laws and other legal
acts of the Republic of Lithuania. Shareholders entitled to participate in the
aforementioned shareholder meeting shall have the right to authorise, in
writing, a natural or legal person to participate and vote on their behalf at
the General Meetings of Shareholders indicated in this notice. Such a written
authorisation shall be approved in accordance with the procedure laid down in
legal acts and shall be delivered to Aguonų str. 24, Vilnius no later than by
the end of shareholder registration for a relevant General Meeting.
Shareholders entitled to participate in the General Meeting of Shareholders of
the Company shall also have the right to authorise, by electronic means of
communication, a natural or legal person to participate and vote on their
behalf at the General Meeting of Shareholders. An authorisation issued by
electronic means of communication shall be recognised as valid provided that
the security of the information transferred is ensured and it is possible to
identify the shareholder. Shareholders shall report the issuance of an
authorisation by electronic means of communication by sending it by e-mail to
info@eso.lt not later than by the end of the working day on 25 July 2016 (4:30
p.m.). The authorised person shall have an identity document and shall enjoy
the same rights at the Extraordinary General Meeting as the shareholder
represented by him would enjoy (unless the issued authorisation or laws provide
for narrower rights of the authorised person). The shareholder’s right to
participate in the Extraordinary General Meeting of Shareholders shall also
include the right to ask. The Company  has not approved any special
authorisation form of the abovementioned General Meeting of Shareholders. 

The agenda of the Extraordinary General Meeting of Shareholders of the Company
may be supplemented on the initiative of shareholders of company whose shares
held in company carry at least 1/20 of all votes at the General Meeting of
Shareholders of the Company. The proposal to supplement the agenda of the
respective Extraordinary General Meeting of Shareholders shall be accompanied
by draft decisions or, where no decisions have to be taken, by explanations on
each proposed agenda item of the Ordinary General Meeting of Shareholders. The
agenda shall be supplemented if the proposal is received no later than 14
before the respective General Meeting of Shareholders. Shareholders whose
shares held in the Company carry at least 1/20 of all votes at the General
Meeting of Shareholders of company shall have the right to propose, at any time
before the General Meeting of Shareholders of the Company, new draft decisions
on issues that are included or will be included in the agendas of the
Extraordinary General Meeting of Shareholders of the Company. Proposals on the
supplementation of the respective agenda or relevant draft decisions shall be
submitted in writing to the Company, Aguonų str. 24, Vilnius, or by e-mail to
info@eso.lt. 

Shareholders of the Company shall have the right to present questions related
to the agenda of the General Meeting of Shareholders of company. Questions may
be presented by e-mail to info@eso.lt or delivered to the Company to Aguonų
str. 24, Vilnius, no later than 3 working days before the General Meeting of
Shareholders. 

Shareholders will be able to vote on the agenda items of the Extraordinary
General Meeting of Shareholders of the Company in writing by filling in ballot
papers. At the request of a shareholder, the Company shall send, free of
charge, a ballot paper to the shareholder by registered post or deliver it by
hand against signature no later than 10 days before the General Meeting of
Shareholders of the Company. A completed ballot paper shall be signed by the
shareholder or a person authorised by the shareholder. Where a person
authorised by the shareholder casts a vote, a document certifying the right to
vote shall be attached to the completed ballot paper. Filled and signed general
ballot paper and the document confirming the voting right can be sent to the
company by registered mail or delivered at Aguonų str. 24, Vilnius, no later
before the General Meeting of Shareholders. The company retains the right not
to recognize the advance vote of the shareholder or his/her authorised
representative, if his/her submitted general ballot paper does not meet the
requirements of Paragraphs 3 and 4 of Article 30 of the Law on Companies of the
Republic of Lithuania, was received to late or is filled so that the true will
of the shareholder on an individual matter cannot be determined. Electronic
means of communication shall not be used for participation and voting at either
of the abovementioned General Meeting of Shareholders. 

Shareholders can familiarise themselves with documents related to the agenda of
the Extraordinary General Meeting of Shareholders of the Company, draft
decisions on the agenda, documents to be submitted to Extraordinary General
Meeting of Shareholders and other information related to the implementation of
the rights of shareholders specified in this notice on the website of the
Company at http://www.eso.lt from the date of this notice as well as on the
premises of the Company (Aguonų str. 24, Vilnius) during working hours
(7.30–11.30 a.m. and 12.15–4.30 p.m.; 7.30–11.30 a.m. and 12.15–3.15 p.m. on
Fridays). 


         Atstovas ryšiams su visuomene Martynas Burba, tel. (8~5) 251 4516.