Lietuvos Dujos AB - Notification on material event

Notification on the spin-off of the assets, rights and obligations of AB Amber Grid from AB Lietuvos Dujos

vilnius, Lithuania, 2013-08-02 07:00 CEST (GLOBE NEWSWIRE) -- AB Lietuvos Dujos
announces that pursuant to the Terms and Conditions of the Spin-off of AB
Lietuvos Dujos as approved by a resolution of the Extraordinary General Meeting
of Shareholders of AB Lietuvos Dujos as of 11 June 2013 (hereinafter referred
to as the "Spin-off Terms and Conditions"), on 1 August 2013, a Transfer Deed
was signed. 

On the basis of the aforesaid Transfer Deed, AB Amber Grid took over the
assets, rights and obligations of AB Lietuvos Dujos attributed to the natural
gas transmission activity of AB Lietuvos Dujos as defined by the Spin-off Terms
and Conditions. 

The Spin-off Balance Sheet, which is part of the Spin-off Terms and Conditions,
was drawn up as at 31 October 2012. Since the aforesaid date of the drawing up
of the Spin-off Balance Sheet until the de facto date of the transfer of the
assets, rights and obligations to AB Amber Grid, i.e. 31 July 2013, there
occurred a number of changes that were impacted by economic activities. In
order to adjust the amounts of the assets, equity and liabilities that were
transferred to AB Amber Grid, as provided for by the Spin-off Terms and
Conditions, a Final Spin-off Balance Sheet will be drawn up. Upon the drawing
up of the Final Spin-off Balance Sheet, if necessary, respective adjustments
will be introduced to the amounts of the assets, rights and obligations
transferred to AB Amber Grid through the conclusion of supplementary transfer
deeds. 

The Final Spin-off Balance Sheet is scheduled for announcement by 21 August
2013. 

AB Lietuvos Dujos also announces that during the spin-off AB Lietuvos Dujos
disposed of and transferred to AB Amber Grid 640,000 ordinary registered shares
(with par value of LTL 1 each) of UAB GET Baltic accounting for 32 percent of
the authorised share capital of UAB GET Baltic. 



Officer authorised to supply additional information:

Giedrė Glinskienė

Deputy General Manager - Chief Financial Officer

Tel.: +370 5 236 0215