Lietuvos Energija AB - Notification on material event

Resolutions Adopted During the Extraordinary General Shareholders Meeting of the Joint-stock company LIETUVOS ENERGIJA on January 19, 2011

Elektrėnai, Lithuania, 2011-01-20 08:59 CET (GLOBE NEWSWIRE) -- 

On January 19, 2011 during the extraordinary general shareholders meeting of the
joint-stock company LIETUVOS ENERGIJA (legal entity code - 220551550, legal     
status - joint-stock company, address of registered head-office:  Elektrinės g. 
21, Elektrėnai , 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:                        
  --  Regarding the preparation of the reorganisation terms and conditions of 
      public limited liability company LIETUVOS ENERGIJA and public limited
      liability
      company LIETUVOS ELEKTRINĖ.

“To obligate the Board of public limited   
liability company Lietuvos energija, in co-operation with the Board of public   
limited liability company Lietuvos elektrinė (public limited liability company  
incorporated under the laws of the Republic of Lithuania, with registered office
at Elektrinės g. 21, Elektrėnai, Republic of Lithuania, legal entity code:      
110870933, registered in the Register of Legal Entities of the Republic of      
Lithuania), to prepare the terms and conditions of the reorganisation of public 
limited liability company Lietuvos energija and public limited liability company
Lietuvos elektrinė by way of merger (Article 2.97(2) of the Civil Code of the   
Republic of Lithuania).”                                                        
2. Regarding the amendment of the Articles of Association of public limited     
liability company LIETUVOS ENERGIJA                                             
„2.1. To amend the Articles of Association of public limited liability company  
Lietuvos energija by providing for additional powers of the Board of public     
limited liability company Lietuvos energija to approve total (maximum) number of
employees, to determine the salary and other work conditions defined in the job 
contract, approve job description, to promote and assign penalties to the Head  
of the Structural Division carrying the functions of Internal Audit of the      
company, to take decisions to grant charity and sponsorship and consider issues 
with regard to branch and agency establishment and activity termination and     
candidates from public limited liability company Lietuvos energija to the Boards
of the companies where public limited liability company Lietuvos energija       
(including subsidiaries) holds an interest or shareholding (amended wording of  
the Articles of Association is enclosed).                                       
2.2. To authorise the Director General of public limited liability company      
Lietuvos energija to sign the amended Articles of Association of public limited 
liability company Lietuvos energija under the procedure prescribed in legal acts
and carry out all actions necessary to register the amended Articles of         
Association in the Register of Legal Entities.”                                 
3. “Regarding the removal of a member of the Board of AB Lietuvos Energija”.    
„To remove Arvydas Tarasevičius (personal number and place of residence -       
undisclosed information) from the Board of AB LIETUVOS ENERGIJA”.               
4.  “Regarding the election of a member to the Board of AB LIETUVOS ENERGIJA”.
“To elect Aloyzas Vitkauskas (personal number and place of residence -          
undisclosed information) a member of the Board of AB LIETUVOS ENERGIJA for the  
remaining term of office in the Board”.”                                        
Further information on the resolutions adopted during the extraordinary
shareholders meeting of the joint-stock company LIETUVOS ENERGIJA is available
on the website of LIETUVOS ENERGIJA http://www.le.lt 


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