Lietuvos Energija AB - Notification on material event

Extraordinary General Shareholders Meeting of LIETUVOS ENERGIJA Convened on 10:00 AM, January 29, 2010.

At the initiative and by resolution of the Management Board of Lietuvos
Energija A(company code 220551550, registration address Žvejų g. 14, LT-09310
Vilnius), an extraordinary general shareholders meeting is convened on January
29, 2010. The meeting will be held at the following address: A. Juozapavičiaus
g. 13, Vilnius, Conference Hall. Starting time - 10:00 AM, January 29, 1010.
Starting time of shareholders registration: 9:00 AM, January 29, 2010.
Finishing time of the shareholders registration: 9:55 AM, January 29, 2010. 

The established date for the headcount of the shareholders of the extraordinary
general shareholders meeting is January 22, 2010. Only such persons shall have
a right to participate and vote at the extraordinary general shareholders
meeting, who by the end of the day of headcount of the shareholders of the
general shareholders meeting are shareholders of the joint stock company
LIETUVOS ENERGIJA. 

Agenda of the meeting:

1.Regarding spin-off of LIETUVOS ENERGIJA subsidiaries - Kaunas hydro power
plant and Kruonis pumped storage plant. 

The following draft resolution is proposed:

1.1. There shall be no approval of spin-off conditions, drafted on September
29, 2009 by the Management Board of LIETUVOS ENERGIJA. 

1.2. With regard to the fact that under the agreement of December 4, 2009
regarding the liquidation of LEO LT AB and termination of agreements on the
establishment of the national investor, made among the Government of the
Republic of Lithuania, NDX Energija UAB and LEO LT AB, the agreement of April
29, 2008 made between the Government of the Republic of Lithuania and NDX
Energija UAB, regarding the establishment of the national investor (with the
exception of its Annex No 11) was terminated, there shall be terminated the
spin-off procedure of Kaunas hydro power plant and Kruonis pumped storage plant
- the subsidiaries of the joint stock company LIETUVOS ENERGIJA - from the
joint stock company LIETUVOS ENERGIJA, initiated by resolution of the
extraordinary general shareholders meeting of the joint stock company LIETUVOS
ENERGIJA of December 4, 2008, and amended in detail by the resolution of the
extraordinary general shareholders meeting of the joint stock company LIETUVOS
ENERGIJA of September 8, 2009. 

Documents, related to the meeting agenda, draft resolutions, general voting
ballot, will be made available for the shareholders from January 7, 2010, at
the premises of the joint stock company LIETUVOS ENERGIJA with the following
address: A.Juozapavičiaus g. 13, Vilnius, room 114, during the office hours
(7:30 - 11:30 and 12:15 - 16:30). 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 January 7, 2010
will also be published at the company website www.le.lt. If the shareholders,
holding the voting right, demand so, the company shall prepare and not later
than 10 days prior to the general shareholders meeting shall send general
voting ballots to the shareholders having submitted the demand by registered
mail, present them in person and confirm the receipt by signature. 

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 to issue 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. 

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


Aurelija Trakseliene
Head of Communications
Tel. +370 5 2782442
Email aurelija.trakseliene@lpc.lt