Lietuvos Dujos AB - Notification on material event

The Commission Approved the Terms and Conditions of the Spin-Off of the Natural Gas Transmission Activity of AB Lietuvos Dujos

Vilnius, Lithuania, 2013-02-28 15:23 CET (GLOBE NEWSWIRE) -- Today, on 28
February 2013, the National Control Commission for Prices and Energy
(hereinafter referred to as the “Commission”), having reviewed the Terms and
Conditions of the Spin-off of AB Lietuvos Dujos approved by the Board of
Directors of AB Lietuvos Dujos on 30 January 2013 (hereinafter referred to as
the “Terms and Conditions of the Spin-off”), stated that: 

1. AB Lietuvos Dujos submitted the Terms and Conditions of the Spin-off by the
deadlines set in the Plan of Actions for the Company's Spin-off approved by
Minutes No. 5 of the Board of Directors of AB Lietuvos Dujos of 28 May 2012; 

2. The Terms and Conditions of the Spin-off approved by the Board of Directors
of AB Lietuvos Dujos under Minutes No. 1 of 30 January 2013 provide conditions
for the proper implementation of the unbundling of the natural gas transmission
activity under paragraph 8.1 of the Plan on Performing the Unbundling of
Activities and Control of Natural Gas Companies that do not Conform to the
Requirements of the Law on Natural Gas of the Republic of Lithuania, so that
the legal, functional and organisational unbundling of the natural gas
transmission activity of AB Lietuvos Dujos would have been completed no later
than by 31 July 2013; 

3. The composition of assets to be transferred to the company, which will carry
out the natural gas transmission activity, conforms to: 

 3.1. the asset allocation principles provided in the Description of the
Procedure of Accounting for Activities of AB Lietuvos Dujos approved by the
Commission under Resolution No. O3-363 “Regarding the Description of the
Procedure of Accounting for Activities of AB Lietuvos Dujos” of 28 October
2011; 

3.2. the investments approved by the Commission under its Resolution No. O3-293
“Regarding the Investment Project “Investments Intended for the Spin-off of the
Transmission System Operator (TSO) and the Establishment of a New Company” of
AB Lietuvos Dujos” of 9 October 2012. 

It is planned to publish the Terms and Conditions of the Spin-off on 7 March
2013, under the procedure laid down in the legal acts of the Republic of
Lithuania - on the Company's website www.dujos.lt, in the Central Database of
Regulated Information www.crib.lt, and on the website of the AB NASDAQ OMX
Vilnius Stock Exchange www.nasdaqomxbaltic.com. 



Authorised person:

Saulius Bilys

Head of Strategic Development Division

Tel. +3705 236 01 46