Lietuvos Elektrine AB - Interim information

2011 Q1 performance results

Elektrėnai, Lithuania, 2011-05-27 10:13 CEST (GLOBE NEWSWIRE) -- Financial
statements are drawn up in accordance with the International Financial
Reporting Standards. 

Unaudited performance results of AB Lietuvos elektrinė for 2011 Q1:

  -- income - 95.3 mln. Litas (27.6 mln. euros), in 2010 Q1 - 224.4 mln. Litas
     (65 mln. euros);
  -- net profit - 8.1 mln. Litas (2.3 mln. euros), in 2010 Q1 - 0.3 mln. Litas
     (0.1 mln. euros) of loss

The decrease in the Company's income resulted from the decreased electricity
production and decreased PIS (Public Interest Services) income due to the
amendment of PIS description (PIS is paid only from the amount of electricity
produced). 

The Company's net profit increased as in January this year PIS was received in
accordance with the PIS description valid until February (i.e. from the
approved eligible electricity production quota and not from the amount of
electricity produced). The electricity production decreased due to the
increased gas price. 

The Company's costs were also decreasing as the increased gas price resulted in
the more expensive electricity production and the company's production
decreased as compared against the last year. 

We additionally inform that the set of 2011 Q1 financial statements with
confirmations of responsible persons is published on the company's website in
accordance with the procedure laid down by legal acts. 

Appended:

Set of 2011 Q1 Financial Statements, Confirmation of Responsible Persons


         Jūratė Kavaliauskaitė
         Head of Communications, AB Lietuvos Energija
         Tel. +370 619 62019
         E-mail: jurate.kavaliauskaite@lpc.lt

Attachments:

LEL FS 20110331 EN.pdf