Kauno Energija AB - Notification on material event

The Decisions of the general shareholders meeting of JSC Kauno energija and intermediate information for the 6 months

In the repeated general shareholders meeting of JSC “Kauno Energija” on 23
July, 2009 the following decisions were taken: 

1. Agenda question - increasing of JSC “Kauno energija” authorized capital.
1.1 To increase authorized capital of joint stock company „Kauno energija“ up
to 136 200 000 LTL (39446246,52 EUR) (from 119 510 292 LTL (34612572,98 EUR) up
to 255 710 292 LTL (74058819,51 EUR) by issuing 22 700 000 ordinary registered
6 LTL (1,74 EUR) nominal value of shares, the issue price equal to the nominal
value; 
1.2 To cancel the priority right for all shareholders to acquire newly issued
22 700 000 (twenty two million seven hundred thousand) units ordinary named 6
(six) LTL (1,74 EUR) nominal value shares of joint stock company „Kauno
energija“, nominal value of shares, the issue price equal to the nominal value.
The right to purchase these shares has budget office of Kaunas city
municipality, code 111106319, Laisvės al. 96, Kaunas. Then JSC “Kauno energija”
can take over buildings and civil engineering works (Collector) - tunnels,
which belong to Kaunas City municipality; 
1.3 To agree that Kaunas city municipality acquires joint stock company's"Kauno energija” released 22 700 000 (twenty two million seven hundred
thousand) units ordinary named 6 (six) LTL (1,74 EUR) nominal value of shares,
the issue price equal to the nominal value, for a contribution of Kaunas city
municipality owned engineering structures (collectors) - tunnels (property
assessors set the value of the assets - 136 200 000 LTL) to JSC “Kauno
energija” 
2. Agenda question - Concerning the change of JSC "Kauno energija" regulations.
Decision project:
To change the regulations of joint stock company „Kauno energija“ setting out
their new version and to authorize general director of joint stock company
„Kauno energija“ to sign the changed regulations of joint stock company „Kauno
energija“. 
3. Agenda question - The selection of the Audit Company and terms of payment
for audit services. 
To select JSC ”PricewaterhouseCoopers“ Ltd. to do the audit of joint stock
company's „Kauno energija“ and consolidated (group companies) of the financial
statements for the financial year 2009, as well as determine that payment for
audit services for the financial year 2009 - 55 000 LTL (15929,10 EUR)
excluding VAT, but not more than 4,000.00 EUR additional costs of mission at
the time of the audit, a total of 59,000.00 LTL, excluding VAT. The payment
should be done in 30 days after singing the service acceptance-transfer
certificate. 

Not audited Company activity result for the 6 months, 2009 (30 June, 2009),
according to the International accounting standards is profit (before taxes)
LTL 21375 thousand (EUR 6191 thousand), Group‘s profit (before tax) LTL 21237
thousand (EUR  6151- thousand). 
Income from the sales of the Company per 6 months period, 2009 - LTL 177930
thousand (EUR 51532 thousand), Group‘s - LTL 178039 thousand (EUR 51564
thousand). 

Forecast results of JSC Kauno energija for year 2009 will be adjusted
accordingly after the adoption of the changes made by the Board of JSC Kauno
Energija. 


Jovita Sereikienė
Head of Asset Management Department
+370 37 305664