LITGRID AB - Notification on material event

Notice Regarding Financial Indicators to be Achieved by LITGRID AB in 2011 as Proposed by Ministry of Finance

Vilnius, Lithuania, 2011-04-01 11:58 CEST (GLOBE NEWSWIRE) -- LITGRID AB (a
public company, established and functioning under laws of the Republic of
Lithuania, legal entity code 302564383, registered address A. Juozapavičiaus g.
13, Vilnius, data about the Company are collected and stored at the Register of
Legal Entities) hereby informs that the Ministry of Finance of the Republic of
Lithuania, while implementing the reorganization program of state-controlled
enterprises in 2011-2012, has drafted and proposed for public review a draft
resolution of the Government of the Republic of Lithuania regarding defining
financial indicators of state-controlled public companies and public limited
companies for 2011. In the draft resolution it is planned that EBITDA of
LITGRID AB in 2011 shall be not less than LTL 103 200 000. 


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