Lietuvos Energija AB - Notification on material event

Resolutions Adopted during the Extraordinary General Shareholders Meeting of LITGRID Turtas AB Held on December 17, 2010

Vilnius, Lithuania, 2010-12-17 13:54 CET (GLOBE NEWSWIRE) -- On December 17,
2010 during the extraordinary general shareholders meeting of the public
company LITGRID Turtas AB (legal entity code - 302564383, legal status - public
company, registered address: A. Juozapavičiaus g. 13, Vilnius city, Vilnius
city municipality the Republic of Lithuania, data about the company are
collected and stored at Vilnius branch of VĮ Registrų Centras, Division of
Registry of Legal Entities), the following resolutions were adopted: 

1. Regarding approval of preparation of reorganization conditions of LITGRID
Turtas AB and LITGRID AB. 

RESOLUTION ADOPTED: “To approve that under procedure established by legal acts
of the Republic of Lithuania, the Management Board of LITGRID Turtas AB, in
cooperation with the Management Board of LITGRID AB (public company established
under laws of the Republic of Lithuania, registered address A. Juozapavičiaus
g. 13, Vilnius city, Vilnius city municipality, the Republic of Lithuania,
legal entity code 302449655, VAT code LT100005013315, registered in the
Register of Legal Entities of the Republic of Lithuania), (i) prepares the
reorganization conditions of LITGRID Turtas AB and LITGRID AB, which subsequent
to the reorganization would terminate as a legal entity, would be merged with
LITGRID Turtas AB, which subsequent to reorganization would continue its
operation, and (ii) would prepare the revised articles of association of
LITGRID Turtas AB, which would continue its operation subsequent to the
reorganization and (iii) would perform other actions, related to the
reorganization of LITGRID Turtas AB and LITGRID AB. The reorganization would be
performed by merging LITGRID AB with LITGRID Turtas AB, after which all assets,
rights and duties of LITGRID AB would be transferred to LITGRID Turtas AB (Part
3 of Article 2.97, Civil Code of the Republic of Lithuania) “. 

2. Regarding appointment of the auditor of LITGRID Turtas AB and setting of
payment conditions for the auditor's services in 2010. 

RESOLUTION ADOPTED: “To select the audit firm PricewaterhouseCoopers UAB for
the performance of audit of financial statements 2010 (including consolidated
financial statements) of LITGRID Turtas AB and to define the remuneration of
not more than LTL 25,000 (twenty five thousand), without VAT, for the
performance of the said audit services, which shall be paid within 60 (sixty)
days upon issuing of an invoice.” 

Further information on the resolutions adopted during the extraordinary general
shareholders meeting of the public company LITGRID Turtas AB is available on
the website of LITGRID Turtas AB - www.litgridturtas.eu 




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