Kauno Energija AB - Notification on material event

The Decisions of the general shareholders meeting of JSC “Kauno energija

In the repeated general shareholders meeting of JSC “Kauno Energija” on 17
February, 2010 the following decisions were taken: 

1. Increasing of JSC “Kauno energija” authorized capital.
To increase authorized capital of joint stock company ”Kauno energija“ up to
681570 LTL (from 255710292 LTL up to 256391 862 LTL by issuing 113595 ordinary
registered 6 LTL (1,74 EUR) nominal value of shares, the issue price equal to
the nominal value. 

2. For pre-emption right to purchase newly issued shares of the company's
withdrawal of all shareholders. 
2.1. To cancel the priority right for all shareholders to acquire newly issued
113595 units ordinary named 6 (six) LTL (1,74 EUR) nominal value shares, giving
the rights to: 
•	11000 (eleven thousand) units ordinary named 6 (six) LTL nominal value shares
of joint stock company „Kauno energija“, nominal value of shares, the issue
price equal to the nominal value, the right to purchase these shares budget
office of Kaunas city municipality, code 111106319, Laisvės al. 96, Kaunas, the
purpose of the Kaunas City Municipality joint stock company "Kauno energija“
transferred to it owned building - boiler Jonavos str. 178, Kaunas, a unique
number 1997-2006-0022 as a non-monetary contribution; 
•	102595 (one hundred and two thousand five hundred and ninety-five) units
ordinary named 6 (six) LTL nominal value shares of joint stock company „Kauno
energija“, nominal value of shares, the issue price equal to the nominal value,
the right to purchase these shares budget office of Jurbarkas city
municipality, code 188713933, Dariaus ir Girėno str. 96, Jurbarkas. In return
Jurbarkas city municipality transferred to it owned engineering networks -
thermal route to the drainage Mokyklos, Birutės, V. Kudirkos streets,
Jurbarkas, unique number 4400-0500-5569, and heating pipes, unique number
9400-0000-9013 as a non-monetary contribution. 
2.2. To agree that Kaunas city municipality acquires joint stock company's
“Kauno energija” released 11000 (eleven thousand) units ordinary named 6 (six)
LTL (1,74 EUR) nominal value of shares, the issue price equal to the nominal
value, for a contribution of Kaunas city municipality - owned buildings -
boiler (property assessors set the value of the assets - 66000 LTL); 
2.3. To agree that Jurbarkas city municipality acquires joint stock company's"Kauno energija” released 102595 (one hundred and two thousand five hundred and
ninety-five) units ordinary named 6 (six) LTL nominal value of shares, the
issue price equal to the nominal value, in return JSC “Kauno energija” will
acquire as a of non-monetary contributions Jurbarkas District unicipality's
owned engineering networks (asset evaluators found the value of the property -
615570 LTL). 

3. Concerning the change of JSC "Kauno energija" regulations.
To change the regulations of joint stock company „Kauno energija“ setting out
their the new version and to authorize general director of joint stock company
„Kauno energija“ to sign the changed regulations of joint stock company „Kauno
energija“. 

Jovita Sereikienė
Head of Asset Management Department
+370 37 305664