Lietuvos Energija AB - Notification on material event

Notice on Proposal to Acquire Ordinary Registered Shares to-be-issued of the Joint-stock Company LIETUVOS ENERGIJA by Using Priority Right

The joint-stock company LIETUVOS ENERGIJA, a company established and
functioning under laws of the Republic of Lithuania, legal entity code
220551550, address of the registered company Žvejų g. 14, LT-09310 Vilnius
(hereinafter - the Company), data about the company are collected and stored at
the Register of Legal Persons, hereby informs that on August 17, 2010 a
proposal of the Company to acquire 315 457 609 of the Company's ordinary
registered shares to-be-issued by using priority right was registered at the
Register of Legal Entities. The price of one share issue is LTL 2.07 (the
nominal value of one share is 1 litas), the total price of the shares
to-be-issued is LTL 652 997 250.63. 

Persons, who are shareholders of the Company at the end of August 4, 2010
(hereinafter - Rights Accounting Day), by using the priority right, may all
generally acquire not more than a total of 315 457 609 (three hundred fifteen
million four hundred fifty seven thousand six hundred and nine) ordinary
registered shares of the Company by entering into shares signing Contract.
Under shares signing contract, the maximum possible number of Shares of each
shareholder is proportional to the nominal value of Company shares, which by
right of ownership was owned by the end of the Rights Accounting Day. 

The term of shares signing - 15 (fifteen) calendar days from the day of public
release in the Register of Legal Entities of the notice regarding the proposal
to acquire company shares by right of priority (the term does not include the
day of release of the notice regarding the proposal to acquire company shares
by right of priority), i.e. from August 18, 2010 to September 1, 2010
(inclusively). 

The payment of the signed shares - payment for the signed shares must be
received not later than by the end of the subsequent working day, following the
signing period of the newly issued shares, i.e. September 2, 2010. 

Contracts of the newly issued shares signing can be entered into by the Company
shareholders at the bank Swedbank AB, representing the Company, at the
following address: Konstitucijos pr. 20 A, Vilnius, Lithuania, during its
banking hours (Monday - Thursday from 9.00 to 17.30, Fridays from 9.00 to
17.00). 

The published prospectus regarding shares issue of the Company for current
shareholders and inclusion of the signed shares into the trade at the regulated
market is available at Nasdaq OMX Vilnius AB website www.nasdaqomxbaltic.com,
central storage facility (www.crib.lt), branch of Swedbank AB, representing the
Company (in which the signing will be performed, address - Konstitucijos pr. 20
A, Vilnius), Company premises, address A. Juozapavičiaus g. 13, Vilnius, or
Company website (http://www.le.lt). 

Daiva Navickienė
Treasury Manager
Division of Financial Planning and Treasury
AB "Lietuvos energija"
A. Juozapavičiaus g.13
LT-09311 Vilnius
T. +370 5 278 2359
daiva.navickiene@lpc.lt 
www.le.lt