LITGRID - General meeting of shareholders

Convocation of Extraordinary General Meeting of Litgrid Shareholders

Vilnius, Lithuania, 2017-05-09 10:10 CEST (GLOBE NEWSWIRE) -- Extraordinary
general meeting of Litgrid AB shareholders is summoned on 31 May 2017, 10:00 at
the initiative and by the resolution of the Board of Litgrid AB (company code
302564383, registered at A. Juozapavičiaus g. 13, Vilnius). The meeting will be
held at room 226, at A. Juozapavičiaus g. 13, Vilnius. Beginning of
shareholders' registration: 31 May 2017, 9:30. End of shareholders'
registration: 31 May 2017, 9:55. 

The record date of the extraordinary general meeting of shareholders has been
set for May 24, 2017. The right of participation and voting in the
extraordinary general meeting of shareholders can be exercised only by the
persons who remain shareholders of Litgrid AB by the end of the record date of
the extraordinary general meeting of shareholders. 

Agenda and proposed draft resolutions of the general meeting of shareholders:

1. Regarding the election of the audit company for Litgrid AB, and the
conditions of the payment for the audit services in 2017. 

Proposed decision:

1.1. To elect an audit company UAB PriceWaterhouseCoopers for carrying out an
audit of the financial statements of Litgrid AB for 2017; 

1.2. Set a fee for the audit services no larger than EUR 19,210.00 (excl. VAT);
the fee to be paid upon the provision of the services and within 30 days of the
submission of the VAT invoice. 

Documents related with the agenda of the meeting, draft resolutions, general
voting ballot are available for the shareholders for familiarisation at the
premises of Litgrid AB, at A. Juozapavičiaus g. 13, Vilnius, Room 141, during
the working hours of the company (7:30–11:30 and 12:15–16:30, Fridays:
7:30–11:30 and 12:15–15:15). These documents and other public information by
the laws, related with the shareholders' right to propose supplements to the
agenda of the meeting, to propose draft resolutions on the matters of the
meeting agenda and the shareholders' right to submit questions to the company
in advance regarding the matters on the meeting agenda, are also published on
the company's website http://www.litgrid.eu. 

Upon a written request of a shareholder with the voting right or his/her duly
authorised proxy, the company will draw and send the general voting ballot by
registered letter or deliver it in person upon signing at least 10 days before
the general meeting of shareholders. General voting ballot is also available on
the company's website http://www.litgrid.eu. Completed and signed general
voting ballot and the document certifying the voting right can be sent to the
company by registered letter or delivered to the company at the address: A.
Juozapavičiaus g. 13, Vilnius by the end of the working day of 30 May 2017
(16:30) for the latest. 

The Company reserves the right to disregard the advance voting of the
shareholders or his/her authorised proxy, if the submitted general voting
ballot does not meet the requirements established in Paragraphs 3 and 4,
Article 30 of the Law on Joint Stock Companies of the Republic of Lithuania,
was received after the deadline, or completed in the manner that prevents
determining the real will of the shareholder on an individual manner. 

A person attending the general meeting of shareholders and holding the voting
right must produce a personal identity document before the end of registration
of the shareholders of the general meeting of shareholders. A person, other
than a shareholder, in addition to a personal identity document, must also
produce a document certifying his/her right to vote at the meeting. 

Persons have the right to vote at the general meeting of shareholders by proxy.
At the general meeting of shareholders, a proxy has the same rights as his/her
represented shareholder would have, unless otherwise stated in the proxy. Proxy
issued in a foreign country must be translated into Lithuanian and legalised
following the procedure established by the laws. The company does not establish
any special form of proxy. 

Shareholders having the right to attend the general meeting of shareholders are
entitled to authorise a natural or legal person via electronic means of
communication to attend the general meeting of shareholders and vote on their
behalf. Such authorisation is not subject to notarisation. The company
recognises an authorisation issued by electronic means of communication only if
electronic signature of the shareholder is affixed developed by using safe
signature creation software and certified by the qualified certificate valid in
the Republic of Lithuania, i.e. if security of the transmitted information is
ensured and shareholder's identity can be established. Shareholders must inform
the company in writing about the authorisations issued via electronic means of
communication by sending such authorisation to electronic mail info@litgrid.eu
by the end of the working day of 30 May 2017 (16:30) for the latest. 

No participation and voting by electronic means of communication at the general
meeting of shareholders. 

Enclosed:

1. Voting ballot;

2. Extract from the minutes No. AK-17-8 of the 12 April 2017 meeting of the
Audit Committee at the Supervisory Body of UAB EPSO-G. 


         Vilija Railaitė
         Litgrid Head of Communications
         Tel. +370 613 19977
         E-mail: vilija.railaite@litgrid.eu

Attachments:

2017-05-08 General voting ballot.docx

2017-05-09 Audit Committee Recommendation.PDF