Lietuvos Energija AB - Notification on material event

Regarding Non Provision of Mandatory Takeover Bid

Hereby we inform that on 2 June 2008 LEO, LT AB, company code 301732248,
registered at Žvejų st. 14A, Vilnius, the Republic of Lithuania, the
controlling shareholder of public limited liability company “Lietuvos energija”
announced that it shall not render a mandatory takeover bid to buy the
remaining shares of public limited liability company “Lietuvos energija” which
provide with the voting rights, since the applicable laws of the Republic of
Lithuanian do not foresee such an obligation. 

Ona Garniene
Leading economist
Phone 8 5 2782457