LITGRID turtas AB - Notification on material event

Regarding Applying to National Control Commission for Prices and Energy

Vilnius, Lithuania, 2011-01-31 11:32 CET (GLOBE NEWSWIRE) -- We hereby inform
that under procedures established in the reorganization conditions of LITGRID
Turtas AB and LITGRID AB, approved during general shareholders meetings of
LITGRID Turtas AB (legal entity code - 302564383, legal status - public
company, registered address: A. Juozapavičiaus g. 13, Vilnius, 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), dated January 24,
2011 and LITGRID AB (legal entity code - 302449655, legal status - public
company, registered address: A. Juozapavičiaus g. 13, Vilnius, 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), LITGRID Turtas AB
and LITGRID AB are under reorganization following the Civil Code of the
Republic of Lithuania, Article 2.97, Part 3 by way of merger, merging LITGRID
AB, which, subsequent to the reorganization, will terminate its activity as a
legal entity, with LITGRID Turtas AB, which, subsequent to the reorganization,
will continue its activity and to which, subsequent to the reorganization, will
be transferred all assets, rights and duties of LITGRID AB. 

In consideration thereof, on January 28, 2011 LITGRID Turtas AB applied to the
National Control Commission for Prices and Energy regarding issuing of
electricity transmission licence. 


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