LITGRID AB - Notification on material event

Convocation of Extraordinary General Meeting of Shareholders of LITGRID AB

Vilnius, Lithuania, 2012-09-06 16:14 CEST (GLOBE NEWSWIRE) -- At the initiative
and by resolution of the Board of LITGRID AB (company code 302564383,
registered address A. Juozapavičiaus g. 13, Vilnius), an Extraordinary General
Meeting of Shareholders of LITGRID AB is convened at 10:00 on 28 September
2012. The meeting shall take place in Room 226 at A. Juozapavičiaus g. 13,
Vilnius. The registration of shareholders begins at 09:30 on 28 September 2012
and ends at 09:55 on 28 September 2012. 

The established date for the headcount of the shareholders at the Extraordinary
General Meeting of Shareholders is 21 September 2012. Only the persons who are
shareholders of LITGRID AB at the end of the day of headcount of shareholders
at the Extraordinary General Meeting of Shareholders shall have the right to
participate and vote at the Extraordinary General Meeting of Shareholders. 

The rights accounting day of the Extraordinary General Meeting of Shareholders
is 12 October 2012. The property rights of shareholders established by Articles
15.1(1)-15.1(4) of the Law of the Republic of Lithuania on Companies shall be
held by persons who at the end of the rights accounting day of the Meeting are
shareholders of the Company. 

The agenda of the General Meeting of Shareholders and draft resolutions
proposed: 

  1. Regarding the removal of members of the Board of LITGRID AB.

The following resolution is proposed:

“To remove Mr/Ms [first name, last name] and Mr/Ms [first name, last name] as a
member of the Board of LITGRID AB as of the date of the adoption of this
resolution.” 



  1. Regarding the election of members of the Board of LITGRID AB.

The following resolution is proposed:

“To elect Mr/Ms [first name, last name] and Mr/Ms [first name, last name] as
members of the Board of LITGRID AB until the end of the term of office of the
current Board as of the date of the adoption of this resolution.” 



  1. Regarding amendments to the Articles of Association of the Company and the
     approval thereof
.

The following resolution is proposed:"1. To approve the new edition of the Articles of Association of the Company.

2. To authorise the Head of the Company to sign the amended Articles of
Association of the Company in accordance with the procedure established under
legal acts, register them in the Register of Legal Entities of the Republic of
Lithuania, and perform all other actions related to the registration of the
amended Articles of Association.” 

Documents related to the agenda of the meeting, draft resolutions and a general
ballot paper will be available for the shareholders on working days from 7
September 2012, in the premises of LITGRID AB in Room 141 at A. Juozapavičiaus
g. 13, Vilnius, during business hours of the Company (07:30-11:30 and
12:15-16:30; 07:30-11:30 and 12:15-15:15 on Fridays). These documents and other
information to be published in relation to the right of shareholders to propose
amendments to the agenda of the meeting, to propose draft resolutions on the
agenda issues and to early submit questions to the Company in relation to the
agenda issues shall be available from 7 September 2012 on the website of the
Company at http://www.litgrid.eu. 

If a shareholder holding a voting right or a duly authorised representative
thereof requests so in writing the Company shall prepare and no later than 10
days before the General Meeting of Shareholders send a general ballot paper by
registered mail or deliver it in person against acknowledgement of receipt. The
general ballot paper is also available on the website of the Company at
http://www.litgrid.eu. A filled-in and signed general ballot paper and a
document confirming the voting right may be presented to the Company by
registered mail or delivered to the Company at A. Juozapavičiaus g. 13, Vilnius
no later than by the end of the working day (16:30) on 27 September 2012. 

The Company reserves the right not to register the advance vote of a
shareholder or an authorised person thereof if the presented general ballot
paper does not meet the requirements established in Articles 30.3 and 30.4 of
the Law of the Republic of Lithuania on Companies, is received late or is
filled in a way that it is impossible to determine the actual will of the
shareholder on a separate issue. 

A person attending the General Meeting of Shareholders and holding a voting
right shall produce a proof of identity before the end of the registration of
the shareholders to the General Meeting. 

Persons shall have the right to vote at the General Meeting of Shareholders by
power of attorney. The power of attorney is deemed a written document issued by
one person (the principal) to another person (the agent) to represent the
principal while establishing and maintaining relations with third persons. The
power of attorney to perform actions on behalf of a natural entity in relation
to legal entities, except for the cases provided for the by law where it is
allowed to issue a power of attorney in another form, shall be signed a notary
public. Authorised persons who attend the General Meeting of Shareholders shall
have a proof of identity and a power of attorney certified as prescribed by the
law, and shall produce it no later than before the end of the registration of
shareholders to the General Meeting of Shareholders. The authorised person
shall hold the same rights at the General Meeting of Shareholders as would be
held by the shareholder who is being represented. 

Shareholders holding the right to attend the General Meeting of Shareholders
shall have the right to authorise by means of electronic communications a
natural or legal entity to attend and vote on their behalf at General Meeting
of Shareholders. Such authorisation shall not require a certification by a
notary public. The Company shall acknowledge the authorisation issued by means
of electronic communications only provided that the shareholder signs it by an
electronic signature generated by a secure signature generating software and
attested by a qualified certificate valid within the Republic of Lithuania,
i.e. the security of the information transmitted is ensured and it is possible
to identify the shareholder. The shareholder shall notify the Company of such
authorisation issued by means of electronic communications by e-mailing it at
info@litgrid.eu no later than by the end of the working day (16:30) on 27
September 2012. 

At the General Meeting of Shareholders there will be no participation or voting
by means of electronic communications. 


         Laura Šebekienė
         Head of Communications
         Ph. + 370 693 65377,
         Email: laura.sebekiene@litgrid.eu