LITGRID AB - Notification on material event

CORRECTION: Ordinary Shareholders Meeting of LITGRID AB Convened

Corrected: proposed profit/loss appropriation attached

Vilnius, Lithuania, 2011-03-30 14:02 CEST (GLOBE NEWSWIRE) -- At the initiative
and by resolution of the Management Board of LITGRID AB (company code
302564383, registered address A. Juozapavičiaus g. 13, Vilnius), an ordinary
general shareholders meeting of LITGRID AB is convened on April 29, 2011. The
meeting will be held at the following address: room 226, A. Juozapavičiaus g.
13, Vilnius. Starting time - 10:00, April 29, 2011. Starting time of
shareholders registration: 9:30, April 29, 2011. Finishing time of shareholders
registration: 9:55, April 29, 2011. 

The established date for the headcount of the shareholders of the ordinary
general shareholders meeting is April 21, 2011. Only such persons shall have a
right to participate and vote at the ordinary general shareholders meeting who
by the end of the day of headcount of the shareholders of the general
shareholders meeting are shareholders of LITGRID AB. 

The rights accounting day of the ordinary general shareholders meeting shall be
May 13, 2011. The property rights of the shareholders, enforced in Items 1-4 of
Part 1 of Article 15 of the Law of the Republic of Lithuania on Public
Companies, shall be held by such persons who by the end of the rights
accounting day of the meeting are shareholders of the company. 

The agenda of the meeting and the proposed draft resolutions are as follows:

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

The following draft resolution is proposed:

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

2. Presentation of the conclusion of an independent auditor.

The following draft resolution is proposed:

“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. 

The following draft resolution is proposed:

“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 2010.

The following draft resolution is proposed:

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

Documents, related to the meeting agenda, draft resolutions, general voting
ballot, will be made available for the shareholders from April 7, 2011, at the
premises of LITGRID AB with the following address: room 141, A. Juozapavičiaus
g. 13, Vilnius, during the office hours (7:30- 11:30 and 12:15-16:30, Fridays -
7:30-11:30 and 12:15-15:15). These documents and other information, which is
publishable under the legal acts, related to the shareholders right to propose
amendments to the agenda of the meeting, propose draft resolutions to the
agenda of the meeting and by right of shareholders to propose in advance
issues, related to issues of the agenda of the meeting, from April 7, 2011 will
also be published at the company website http://www.litgrid.eu. 

If the shareholder, holding a right of vote or its duly authorized
representative demands so in writing, the company shall prepare and not later
than 10 days prior to the general shareholders meeting shall send a general
voting ballot by registered mail or shall present it in person and confirm the
receipt by signature. The general voting ballot is also available at the
website of the company http://www.litgrid.eu. The filled and signed general
voting ballot and the document, confirming the right of vote may be presented
to the company by registered mail or handed over directly at the premises of
the company with the address A. Juozapavičiaus g. 13, Vilnius, not later than
by the end of the office hours (16:30) of April 28, 2011. 

The company retains the right not to register the advance vote of the
shareholder or its authorized person, if its presented general voting ballot is
not compliant with requirements, set forth in Parts 3 and 4, Article 30 of the
Law of the Republic of Lithuania on Public Companies, its presentation is
overdue or it is filled in the manner whereby ascertaining of the actual will
of the shareholder is impossible. 

The persons at the general shareholders meeting shall have a right to vote by
power of attorney. The power of attorney is deemed a written document, issued
by one person (issuer of power of attorney) to another person (the recipient of
power of attorney) to represent the issuer of power of attorney while
contacting third persons. The power of attorney on behalf of a physical person
to perform actions, related to legal persons, except for cases prescribed by
law, allowing issuance of the power of attorney in another form, shall be
signed by the notary. The authorized persons shall have a document, confirming
the identity of the person and the power of attorney, approved as prescribed by
law, which shall be presented not later than by the finishing time of the
shareholders registration of the general shareholders meeting. The authorized
person has the same rights at the general shareholders meeting as would be had
by the shareholder who is being represented. 

The shareholders, holding a right to participate at the general shareholders
meeting, shall have a right to authorize by means of electronic communications
a physical or legal entity to take part or cast vote on their behalf at the
general shareholders meeting. Such authorization shall not require notary
approval. The company shall deem valid the authorization issued by electronic
means only provided that the shareholder signs it by an electronic signature,
generated by a secure signature-generating software and attested qualified
certificate, valid within the Republic of Lithuania, i.e. the security of the
transmitted information is ensured and a possibility of identification of the
shareholder is provided. The shareholder shall inform in writing the company
about such authorization, issued by electronic means, by sending such
notification by email at info@litgrid.eu not later than end of office hours
(16:30) of April 28, 2011. 



At the general shareholders meeting there will be no participation or voting by
electronic means 


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

Attachments:

2011_03_29_confirmation_of_responsible_persons.pdf

2011_03_29_lg_ifrs_2010_en.pdf

2011 03 29_Pelno paskirstymo projektas EN.pdf