2011-04-29 10:29:00 CEST

2011-04-29 10:30:11 CEST


REGULATED INFORMATION

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LITGRID AB - Notification on material event

Resolutions Adopted on April 29, 2011 at the Ordinary General Shareholders Meeting of LITGRID AB 


Vilnius, Lithuania, 2011-04-29 10:29 CEST (GLOBE NEWSWIRE) -- On April 29, 2011
during the ordinary general shareholders meeting of LITGRID AB (legal entity
code - 302564383, legal status - public company, registered address: A.
Juozapavičiaus g. 13, Vilnius city, Vilnius city municipality, the Republic of
Lithuania, data about the company are collected and stored at Vilnius branch of
VĮ Registrų Centras, Division of Registry of Legal Entities), the following
resolutions were adopted: 

1. Presentation of the consolidated annual report of the company and subsidiary
companies for year 2010. 

RESOLUTION ADOPTED:

Hearing of annual report on performance of the company and subsidiary companies
in 2010 was held. 

2. Presentation of the conclusion of an independent auditor.

RESOLUTION ADOPTED:

To take into account the conclusion of the company auditor
PricewaterhouseCoopers UAB while confirming the financial statements of the
company for 2010. 

3. Confirmation of financial statements of the company and consolidated
financial statements of the company and subsidiary companies for 2010. 

RESOLUTION ADOPTED:

To confirm financial statements of the company and consolidated financial
statements of the company and subsidiary companies for 2010: balance sheets,
profit (loss) reports, cash flow reports, equity capital change reports,
explanatory notes. 

4. Appropriation of profit (loss) for year 2010.

RESOLUTION ADOPTED:

To confirm appropriation of profit (loss) of the company for year 2010.

5. Regarding appointment of the auditor of LITGRID AB and setting of payment
conditions for the auditor's services in 2011. 

RESOLUTION ADOPTED:

To select the audit firm PricewaterhouseCoopers UAB for the performance of
audit of financial statements 2011 (including consolidated financial
statements) of LITGRID AB and to define the remuneration of not more than
64,750 (sixty four thousand seven hundred and fifty) litas, not including VAT,
for the performance of the said audit services, which shall be paid within 60
(sixty) days upon issuing of an invoice. 


         Vilija Railaitė
         Head of Communications
         Phone +370 5278 2361
         Mobile +370 613 19977
         E-mail vilija.railaite@litgrid.eu