Lietuvos Dujos AB - Notification on material event

Resolution adopted by the Extraordinary General Meeting of Shareholders of AB Lietuvos Dujos

Vilnius, Lithuania, 2014-01-30 10:00 CET (GLOBE NEWSWIRE) -- On the initiative
of the Ministry of Energy of the Republic of Lithuania - the shareholder of AB
Lietuvos Dujos, the Extraordinary General Meeting of Shareholders of AB
Lietuvos Dujos of 30 January 2014 adopted the following resolution: 

Agenda Item:

Regarding the initiation of arbitration proceedings against OAO Gazprom seeking
to reduce the prices of gas supplied according to 16 December 1999 Gas Supply
Agreement No GLi-2000 (including all subsequent amendments and supplements
thereto) and obligation of the General Manager of the Company to carry out all
actions of initiation of the arbitration proceedings and actions necessary for
due conducting of such proceedings including purchase of legal services as well
as the authorisation for negotiation with OAO Gazprom with the aim to improve
the conditions of supply of gas to the Company. 

Resolution:

The General Meeting of Shareholders hereby decides to initiate the arbitration
proceedings against OAO Gazprom seeking to reduce the prices of gas supplied
according to 16 December 1999 Gas Supply Agreement No GLi-2000 (including all
subsequent amendments and supplements thereto). The General Manager of the
Company is obliged to carry out all actions of initiation of the arbitration
proceedings and actions necessary for due conducting of such proceedings
including but not limited to purchase of legal services, submission of the
notice to the arbitration court, drafting and filing the statement of claim and
all other necessary documents. The General Manager of the Company is also
authorised to conduct negotiations with OAO Gazprom with the aim to improve the
conditions of supply of gas to the Company. The arbitration proceedings shall
be suspended in case of reaching a favourable commercial agreement with OAO
Gazprom which would be approved by the Board of Directors of the Company. 

The Resolution of the Extraordinary General Meeting of Shareholders was posted
on the Central Database of Regulated Information www.crib.lt, the website of
the Company www.dujos.lt and the e-publication of the Centre of Registers of
the Republic of Lithuania. 



Authorised person:

Justinas Stašinskas

Head of the Legal Division

tel. +370 5 236 0145

Attachments:

pr_2014-01-30_EN.pdf