Kauno Energija AB - Notification on material event

General meeting of JSC “Kauno energija” shareholders and decisions projects

By the initiative of the main company's shareholder, Kaunas city municipality,
and by the decision of company's Management Board on 17th February, 2010, the
shareholders meeting of JSC “Kauno energija” (code of enterprise 235014830,
address Raudondvario pl. 84, Kaunas). 

The Date of the Meeting - the 17th of February, 2010, Wednesday. Time - 13
p.m., place - Raudondvario pl. 86A (first floor), Kaunas Lithuania.
Registration of shareholder's beginning at 12.30 p.m. 

The Board confirmed the following agenda for the Extraordinary General Meeting
of Shareholders: 

1. Increasing of JSC “Kauno energija” authorized capital.
2. For pre-emption right to purchase newly issued shares of the company's
withdrawal of all shareholders. 
3. Concerning the change of JSC "Kauno energija" regulations.

Draft decisions of the Extraordinary General Meeting of Shareholders are
attached. 

The JSC “Kauno energija” shall not provide the possibility to participate and
vote in the Meeting through electronic communication channels. 

The account date of the Extraordinary General Meeting of Shareholders - the 
8th of February, 2010. Shareholders that own JSC “Kauno energija” shares on the
end of the working day of 8th of  February, 2010, shall have the right to
participate in convened Extraordinary General Meeting. 

JSC “Kauno energija” share capital is divided into 42 720 977 (forty-two
million seven hundred twenty thousand nine hundred and seventy-seven) ordinary
registered shares. All of these shares carry the right to vote with their
shareholders. 

Persons who participate in General Meeting of Shareholders must submit an
identity document. A person who is not a shareholder, to this document, also
must submit a document confirming the right to vote at an Extraordinary General
Meeting of Shareholders. The authorized person at an Extraordinary General
Meeting of Shareholders shall have the same rights as it should represent by
the shareholder. 
Shareholder's right to attend General Meeting of Shareholders also include the
right to ask.

Please be informed that shareholders, who are entitled to participate at an
Extraordinary General Meeting of Shareholders, own the right to authorize by
electronic means phisical or legal person to attend and vote on behalf of them
at Extraordinary General Meeting of Shareholders. Power of attorney that is
issued by the shareholder must be submitted by sending e-mail
j.sereikiene@kaunoenergija.lt not later than the 12nd of February, 2010 (14
hrs. 00 min.). 

Please be informed that, on decisions which are included into Extraordinary
General Meeting of Shareholders agenda can be voted in writing by completing
the general ballot paper. If the person who had completed the general ballot
paper is not a shareholder, the completed general ballot paper must be
accompanied by a document confirming the right to vote. The duly completed
general ballot paper (voting bulletin) should be sent by mail or delivered
directly to the Company's office at Raudondvario pl. 84, Kaunas (2rd floor)
till 17th February, 
2010 (12 hrs. 00 min). The Company reserves the right not to include in the
shareholder vote early, if the general ballot paper does not meet the third and
fourth parts of the 30 Article of Law on Companies requirements or the general
ballot paper is written in a way that it is impossible to establish
shareholder‘s will on a separate issue.

The agenda of the Extraordinary General Meeting of Shareholders may be
supplemented by initiative of shareholders who own shares no less than 1/20 of
all the votes. Proposals to the agenda of the Extraordinary General Meeting of
Shareholders may be submitted by mail or delivered to the Company's
representative office at Raudondvario pl. 84, Kaunas (2nd floor) no later than
the 2th of February, 
2010. Please be informed that, along with a proposal to supplement the agenda
of the Extraordinary General Meeting of Shareholders must be submitted the
drafts of proposed decisions, or if the decisions shall not be adopted,
explanations on each of the proposed issue. 

Please be informed that, shareholders who own shares no less than 1/20 of all
votes own the right at any time before the Extraordinary General Meeting of
Shareholders or during the meeting in writing or by mail propose new draft
decisions related to the questions included into agenda. 

Shareholders own the right to ask the questions concerning the agenda of the
Extraordinary General Meeting of Shareholders. Questions may be submitted by
e-mail j.sereikiene@kaunoenergija.lt or delivered directly to the Company's
office at Raudondvario pl. 84, Kaunas (2nd floor) not later than 8th of
February, 2010. 

Since 23th January, 2010 shareholders can get acquainted with the company‘s
documents related to the agenda of shareholders meeting and decisions projects
of the meeting and information relating to shareholders' rights by coming to
the company - Raudondvario pl. 84, Kaunas or in the webpage of the company
(http://www.kaunoenergija.lt). 

Jovita Sereikienė
Head of Asset Management Department
+370 37 305664

Attachments:

istatai_2010.pdf

nvas_decision_2010 02_en.pdf

nvas_biulet_2010 en.pdf