Lietuvos Energija AB - Notification on material event

Resolutions of Extraordinary Shareholders Meeting of Lietuvos Energija AB

On June 23, 2009 at the extraordinary general shareholders meeting of Lietuvos
Energija AB (company code: 220551550) the following resolutions were adopted: 

1st issue of the agenda: "To approve agreements, signed with members and
chairman of the Management Board of Lietuvos Energija AB, regarding approval of
activity forms of a board member.” 

2nd issue of the agenda: “To revoke the Management Board of Lietuvos Energija
AB. The revoked Management Board shall perform its functions until the end of
the general shareholders meeting when the new Management Board of Lietuvos
Energija is elected. 

3rd issue of the agenda: “To elect the new Management Board of Lietuvos
Energija from the below mentioned members for the period of the remaining term
of office of the revoked Management Board (i.e. until the ordinary general
shareholders meeting of Lietuvos Energija, scheduled for 2012): Aloyzas
Koryzna, Aldona Jakutienė, Valdas Bancevičius, Šarūnas Vasiliauskas“. 

4th issue of the agenda: “To authorize the Chief Executive Officer of LEO LT to
sign on behalf of Lietuvos Energija agreements with Board members of Lietuvos
Energija AB, elected in this general shareholders meeting, regarding activity
of a Board member of Lietuvos Energija AB.” 

5th issue of the agenda: “With regard to Agreement signed on April 29, 2008
between the Government of the Republic of Lithuania and NDX Energija UAB,
regarding establishment of the national investment company, Item 2.11 of Annex
No.3 and Item 2.11 of Annex 4, as well as Item 32.1 of Articles of Association
of Lietuvos Energija AB, to refrain from reviewing of this agenda issue as long
as this issue is not solved among the shareholders of LEO LT AB”. 

6th issue of the agenda: “To approve the resolution of the Management Board of
Lietuvos Energija AB regarding the participation of Lietuvos Energija AB in the
construction of the interconnection between electric power systems of the
Republic of Lithuania AB and the Kingdom of Sweden as well as in the
performance of construction projects of this interconnection, while for this
purpose on behalf of Lietuvos Energija AB agreements of joint venture,
consortium or other agreements, by which a separate legal entity is not
established, are signed, and while participating on behalf of Lietuvos Energija
AB in another electric power company. To approve the resolution of the
Management Board of Lietuvos Energija AB for this purpose to invest the
company's non-current assets (including the non-current assets, the balance
value of which exceeds the limit of LTL 15 million, indicated in Item 32.1 of
Articles of Association of Lietuvos Energija AB) and other assets or use it
otherwise, as well as to provide the link constructor with organizational,
technical, financial and other means, necessary to implement the construction
project of interconnection between the electric power systems of the Republic
of Lithuania and Kingdom of Sweden.” 

Head of Division of Communication 
Rūta Merčaitienė, phone: +370 5 278 2442