Kauno Energija AB - Notification on material event

Concerning the settlement of Vilnius Court of Commercial Arbitration in Case No. 203

   As amendments for Heat energy purchase - sale agreement and Investment
Agreement from March 31, 2003, that were signed between UAB Kauno termofikacinė
elektrinė and AB „Kauno energija“ August 13 and September 28, 2013, came into
force on March 7, 2013, UAB Kauno termofikacinė elektrinė on March 13, 2013
with the statement to Lithuanian Court of Appeal has withdrawn an appeal on
decision from December 11, 2011 of the Vilnius Court of Commercial Arbitration
in case No. 203, which has in favor of AB „Kauno energija“ awarded fine 7 053
540 Lt form UAB Kauno termofikacinė elektrinė for investments in default, as
well as procedural interest and costs of litigation. 

According to this both sides signed between them debt netting harmonization act
of 8164 102,10 Lt debt of UAB Kauno termofikacinė elektrinė to AB „Kauno
energija“, reducing the amount of AB „Kauno energija“ payable to UAB Kauno
termofikacinė elektrinė for purchased heat from UAB Kauno termofikacinė
elektrinė . 














         Head of Asset Management Department Jovita Sereikienė, +370 37 305 664