Lietuvos Energija AB - Notification on material event

Regarding decisions adopted at the extraordinary general meetings of shareholders of public company LIETUVOS ENERGIJA and Lietuvos energija, AB on 4 July 2011

Elektrėnai, Lithuania, 2011-07-04 16:30 CEST (GLOBE NEWSWIRE) -- 

The extraordinary general meeting of shareholders of public company “LIETUVOS   
 ENERGIJA” (business ID: 220551550, legal form: public company, registered      
 office address: Elektrinės g. 21, Elektrėnai,  Republic of Lithuania, data on  
 the Company collected and stored by the Legal Persons‘ Registration Division of
 Vilnius Branch of VĮ Registrų Centras) held on 4 July 2011 adopted the         
 following decisions:                                                           
1. Concerning change of name of AB “Lietuvos energija”                          
1. To change the name of AB Lietuvos energija (business ID 220551550) into AB   
 “Lietuvos energijos gamyba”.                                                   
2. Concerning amendments to the Articles of Association of AB “Lietuvos         
 energija”                                                                      
1. To approve the amended Articles of Association of AB “Lietuvos energija”     
 (business ID 220551550) by entering the changed name of the company AB         
 “Lietuvos energijos gamyba” (new version of the Articles of Association        
 appended).                                                                     
2. To authorise Mr. Dalius Misiūnas, Director General of AB “Lietuvos energija” 
 (new name - AB “Lietuvos energijos gamyba”) to sign the amended Articles of    
 Association of AB “Lietuvos energija” and to take any other actions necessary  
 for the registration of the amended Articles of Association in the Legal       
 Persons‘ Register according to the procedure prescribed by the law.            
3. Concerning reorganisation of AB “Lietuvos energija”                          
1. To reorganise, according to Article 2.97(4) of the Civil Code of the Republic
 of Lithuania and the Terms of Reorganisation of AB “Lietuvos energija”         
 (business ID 220551550) and AB Lietuvos elektrinė (business ID 110870933), AB  
 “Lietuvos energija” and AB Lietuvos elektrinė (hereinafter collectively        
 referred to as the “Companies“) by merger as provided for in Article 2.97(4) of
 the Civil Code of the Republic of Lithuania, by merging the Companies under    
 reorganisation (which will cease to be legal persons upon the reorganisation)  
 into a new company Lietuvos energija, AB, which will start operating upon      
 reorganisation and to which the assets, rights and liabilities of the Companies
 will be transferred, i. e. a new legal person - Lietuvos energija, AB will be  
 formed and continue operations on the basis of the Companies having ceased     
 their operations.                                                              
2. To approve the Terms of Reorganisation of AB “Lietuvos energija” and AB      
 Lietuvos elektrinė, whereby the Companies under reorganisation are merged into 
 a new legal person Lietuvos energija, AB, continuing operations upon           
 reorganisation (appended).                                                     
3. To approve the Articles of Association of Lietuvos energija, AB continuing   
 operations upon reorganisation (appended).                                     
4. To authorise Mr. Dalius Misiūnas, Director General of AB “Lietuvos energija”,
 to sign the approved amended Articles of Association of AB “Lietuvos energija”,
 to publish the Terms of Reorganisation and other relevant information and      
 documents according to the procedure prescribed by the law, to submit them to  
 the notary, the Legal Persons‘ Register and the shareholders, to take any      
 requisite actions in order to register the Articles of Association of Lietuvos 
 energija, AB in the Legal Persons‘ Register according to the procedure         
 prescribed by the law, as well as to take any other actions related to the     
 implementation of this decision and the reorganisation of the Companies; the   
 Director General of AB “Lietuvos energija” is authorised to re-authorise other 
 persons to take the above actions in their full scope.                         
4. Concerning selection of auditor for AB “Lietuvos energija” and establishment 
 of terms of payment for audit services                                         
1. To select PricewaterhouseCoopers UAB (business ID 111473315, address J.      
 Jasinskio g. 16 B, LT-01112 Vilnius) as an auditor for the conduct of an audit 
 of financial statements for 2011 (including consolidated financial statements),
 establishing a fee for the audit services up to LTL 80,000 (eighty thousand    
 Litas) exclusive of VAT, the audit fee to be paid upon provision of the audit  
 services in two stages: LTL 31,000 (thirty one thousand Litas) exclusive of VAT
 after Stage 1 (i.e. upon completion of a review of the accounting period ending
 on 30 June 2011 and submission of a review report), and LTL 49,000 (forty nine 
 thousand Litas) exclusive of VAT after Stage 2 (i.e. upon completion of the    
 audit services for the year ending on 31 December 2011), within 60 (sixty)days 
 from the date of issue of a tax invoice.                                       

The extraordinary general meeting of shareholders of Lietuvos energija, AB held
on 4 July 2011 adopted the following decisions: 

1. Concerning election of members of the Board of Lietuvos energija, AB

1. To elect the following persons as members of the Board of Lietuvos energija,
AB, which will start operating upon reorganisation of AB “Lietuvos energija”
and AB Lietuvos elektrinė, for a 4 (four) years‘ term of office: 

1.1. Arvydas Darulis (personal ID <data not subject to publication>, place of
residence < data not subject to publication>); 

1.2. Kęstutis Žilėnas (personal ID <data not subject to publication>, place of
residence < data not subject to publication>); 

1.3. Aloyzas Vitkauskas (personal ID <data not subject to publication>, place
of residence < data not subject to publication>); 

1.4. Šarūnas Vasiliauskas (personal ID <data not subject to publication>, place
of residence < data not subject to publication>); 

1.5. Dalius Misiūnas (personal ID <data not subject to publication>, place of
residence < data not subject to publication>). 

For more information about the decisions adopted by the extraordinary general
meetings of shareholders of AB  LIETUVOS ENERGIJA and Lietuvos energija, AB see
the website of AB LIETUVOS ENERGIJA: http://www.le.lt/. 








         Jūratė Kavaliauskaitė
         Head of Communications, AB Lietuvos Energija
         Tel. +370 619 62019
         E-mail: jurate.kavaliauskaite@lpc.lt

Attachments:

Reorganizavimo salygos EN.pdf

LEG istatai_EN.pdf