Lietuvos Elektrine AB - Notification on material event

A general meeting of shareholders of Lietuvos elektrine AB was held on April 21, 2008

General meeting of shareholders of AB Lietuvos Elektrine held on April 21, 2008
passed the following resolutions. 

1. Approval of the Company's annual financial statements.
Resolution: To approve Companies financial statements for the year 2007.

2. Approval of profit (loss) distribution.
Resolution: To aprrove the appropriation of profit of the year 2007 as follows:

   I. The unappropriated profit/loss of the preceding year at the end of the
      accounting financial year - LTL 0 (EUR 0). 
  II. The net profit/loss of the financial year - LTL 33916710 (EUR 9822958).
 III. The profit/loss of the accounting financial year not recognised in the 
      profit/loss account - LTL 0 (EUR 0). 
  IV. The transfers from the reserves - LTL 47967855 (EUR 13892451).
   V. The shareholders contributions to cover the losses of the company - LTL 0
      (EUR 0). 
  VI. Total profit/loss available for appropriation - LTL 81884565
      (EUR 23715409). 
 VII. Distribution:
	VII.1. the share of profit allocated to the legal reserve -
                LTL 4094228 (EUR 1185770); 
        VII.2. the share of profit of a public limited liability company
                allocated to the reserve for  acquiring own shares - LTL 0
                (EUR 0); 
	VII.3. the share of profit allocated to other reserves - LTL 72735337 
                (EUR 21065610); 
	VII.4. the share of profit for the payment of dividends - LTL 2000000             (EUR 579240) (LTL 0.014 (EUR 0.004) per share); 
	VII.5. the share of profit for the payment of annual bonuses to Board and
                Supervisory Board members, payment of incentives to workers and
                other allocations - LTL 3055000 (EUR 884789), of it: 
		VII.5.1. support - LTL 500000 (EUR 144810);
		VII.5.2. bonuses of employees and orher purpose - LTL 2500000
                           (EUR 724050);
	         VII.5.3. annual bonuses to Board members - LTL 55000 (EUR 15929).
VIII. The unappropriated profit/loss at the end of the financial year - LTL 0
      (EUR 0). 

3. Mortgage the Company's assets.
Resolution: Securing loan amounted to EUR 81400000 repayment and the
satisfaction of other liabilities under the credit agreement No. 07-133971-IN
signed on 12 December, 2007, to pledge to AB bankas "Hansabankas", AB SEB
bankas, Nordea Bank Finland Plc, AB DnB NORD bankas and AB Sampo bankas
(hereinafter - "the Banks") all assets (the plots of land, the buildings and
other property, plant and equipment) containing the financing project (the
construction of a combined cycle turbo generator of 400 MW capacity), also all
current and future funds of AB Lietuvos elektrine in the Bank's accounts. 

4. Election of the firm of auditor.
Resolution: To elect Deloitte Lietuva UAB to conduct audit of financial
statements of Lietuvos elektrine AB for 2008 and 2009, and to approve the price
for the services for 2008 - LTL 66000 (without VAT), and for 2009 - LTL 70000
(witout VAT). 


CFO
Rolandas Jankauskas
tel. +370 528 33743