Lietuvos Elektrine AB - Notification on material event

Regarding the agenda and proposed draft resolutions of extraordinary general meetings of shareholders of LIETUVOS ELEKTRINĖ Public Limited Liability Company and Lietuvos energija, AB

Elektrenai, Lithuania, 2011-06-10 10:50 CEST (GLOBE NEWSWIRE) -- By the
initiative and resolution of the Board of LIETUVOS ELEKTRINĖ Public Limited
Liability Company (corporate code 110870933, registered office at Elektrinės g.
21, Elektrėnai), an extraordinary general meeting of shareholders of LIETUVOS
ELEKTRINĖ Public Limited Liability Company (hereinafter referred to as the
Company) is convened on 4 July 2011. 



The meeting of shareholders of the Company shall be held at Elektrinės g. 21,
Elektrėnai, Republic of Lithuania. The meeting shall start at 10 a.m. on 4 July
2011. The registration of shareholders shall commence at 9.30 a.m. on 4 July
2011. The registration of shareholders shall end at 9.55 a.m. on 4 July 2011. 



The shareholder accounting day of the extraordinary general meeting of
shareholders of the Company shall be 27 June 2011. Persons who are shareholders
of the Company at the closing of the accounting day of the general meeting of
shareholders shall have the right to attend and vote at the extraordinary
general meeting of shareholders. 



The agenda and proposed draft resolutions of the meeting of the Company:



  1. Regarding the reorganisation of AB Lietuvos elektrinė


1. Pursuant to Article 2.97(4) of the Civil Code of the Republic of Lithuania
and the terms of reorganisation of AB Lietuvos energija (corporate code
220551550) and AB Lietuvos elektrinė (corporate code 110870933), to reorganise
AB Lietuvos energija and AB Lietuvos elektrinė (hereinafter referred to as the
Companies) by merge provided in Article 2.97(4) of the Civil Code of the
Republic of Lithuania, by merging reorganised Companies (who shall be dissolved
as legal entities following the merger) into Lietuvos energija, AB, which shall
commence its activities after the reorganisation and which shall become a
successor to all assets, rights and obligations after the reorganisation, i.e.
a new legal entity - Lietuvos energija, AB - shall emerge as a result of such
reorganisation and shall continue activities. 



2. To approve the terms of reorganisation of AB Lietuvos energija and AB
Lietuvos elektrinė based on which the reorganised Companies shall be merged
into a new legal entity, Lietuvos energija, AB, which shall continue activities
after the reorganisation of the Companies (enclosed). 



3. To approve the new wording of the articles of association of Lietuvos
energija, AB, which continues activities after the reorganisation of the
Companies (enclosed). 



  1. Regarding the selection of the firm of auditors of AB Lietuvos elektrinė
     and the setting of the terms of remuneration for auditing services


  1. To select the firm of auditors UAB PricewaterhouseCoopers (corporate code
     111473315, address: J. Jasinskio g. 16 B, LT-01112 Vilnius) for auditing of
     the financial statement (including the consolidated financial statement) of
     the company for the year 2011, and to set the remuneration for the said
     auditing services not exceeding LTL 80,000 (eighty thousand), net of VAT,
     which shall be paid after the actual provision of services in two stages -
     LTL 31,000 (thirty one thousand), net of VAT, shall be paid after the
     completion of the first stage (i.e. the evaluation of the financial period
     ending 30 June 2011 and the submission of the evaluation report ), and LTL
     49,000 (forty nine thousand), net of VAT, shall be paid after the
     completion of the second stage (i.e. after all auditing services pertaining
     to the year ending 31 December 2011 are provided); both instalments shall
     be paid within 60 (sixty) days after the date of the VAT invoice.


By the initiative and resolution of the Board, an extraordinary general meeting
of shareholders of Lietuvos energija, AB, which shall commence its activities
after the reorganisation, is also convened on 4 July 2011. The expected
registered office of Lietuvos energija, AB, shall be at Elektrinės g. 21,
Elektrėnai. The code of the legal entity shall be granted to Lietuvos energija,
AB; the authorised capital shall be formed following the registration of
Lietuvos energija, AB, with AB Juridinių asmenų registras (Register of Legal
Entities); ISIN code shall be granted to Lietuvos energija, AB, after the
registration of the issue of shares with the Central Securities Depository. 



The meeting of shareholders of Lietuvos energija, AB, shall be held at
Elektrinės g. 21, Elektrėnai, Republic of Lithuania. The meeting shall start at
11 a.m. on 4 July 2011. The registration of shareholders shall commence at
10.30 a.m. on 4 July 2011. The registration of shareholders shall end at 10.55
a.m. on 4 July 2011. 



The shareholder accounting day of the extraordinary general meeting of
shareholders of Lietuvos energija, AB, shall be 27 June 2011. Persons who are
shareholders of the Company at the closing of the accounting day of the general
meeting of shareholders shall have the right to attend and vote at the
extraordinary general meeting of shareholders. 



The agenda and proposed draft resolutions of the meeting of Lietuvos energija,
AB: 



1. Regarding the election of members of the Board of Lietuvos energija, AB



1. To elect the following persons as members of the Board of Lietuvos energija,
AB, which shall commence its activities after the reorganisation of AB Lietuvos
energija and AB Lietuvos elektrinė, for the term of office of 4 (four) years: 



1.1. Arvydas Darulis (Personal Number <classified data>, residing at<classified data>); 

1.2. Kęstutis Žilėnas (Personal Number <classified data>, residing at<classified data>); 

1.3. Aloyzas Vitkauskas (Personal Number <classified data>, residing at<classified data>); 

1.4. Šarūnas Vasiliauskas (Personal Number <classified data>, residing at<classified data>); 

1.5. Dalius Misiūnas (Personal Number <classified data>, residing at<classified data>). 



All statutory information related to the convened extraordinary general
meetings of shareholders and annexes to issues on the agenda of such meetings
shall be announced on the website of the Company (http://www.lelektrine.lt) and
in the home page of NASDAQ OMX Vilnius following the procedure established by
the law. 



A shareholder or his authorised representative shall have the right to vote in
writing in advance (by filling in the general ballot papers). If the
shareholder entitled to vote or his duly authorised representative requires so
in writing, the Company shall prepare the general ballot papers and send them
by registered mail or deliver to the shareholder against signed acknowledgement
of receipt at least 10 days prior to the extraordinary general meeting of
shareholders. The general ballot papers shall also be provided on the website
of the Company (http://www.lelektrine.lt), in For Investors section. The filled
in and signed general ballot papers supported by the document certifying the
voting right may be sent to the Company by registered mail or delivered to
Elektrinės g. 21, Elektrėnai, by the closing (3.15 p.m.) of the working day of
1 July 2011. 



The Company shall reserve the right not to include the advance vote of a
shareholder or his authorised representative, if the submitted general ballot
papers do not conform to the provisions of Article 30(3) and (4) of the Law of
the Republic of Lithuania on Companies, they are received after the deadline or
filled in such manner that it is impossible to establish the true will of the
shareholder regarding an individual issue. 



Persons shall have the right to vote by proxy in extraordinary general meetings
of shareholders. A proxy shall be a written document that one person (the
principal) grants to another person (the authorised representative) to
represent the principal in establishing and maintaining relation with the third
party. A proxy to perform actions on behalf of a natural person that pertain to
legal entities must be notarised, except in cases provided by the law and
authorising the granting a proxy in any other form. Authorised representatives
must hold a personal identity document and a proxy certified as provided by the
law, which must be submitted by the closure of the registration of shareholders
for extraordinary general meetings of shareholders. The authorised
representatives shall enjoy the same rights in convened general meetings of
shareholders as his represented shareholder would. 



Shareholders entitled to attend extraordinary general meetings of shareholders
shall have the right to authorise a natural person or a legal entity using
electronic means of communication to attend and vote on his behalf at an
extraordinary general meeting of shareholders. Such proxy shall not be
notarised. The Company shall acknowledge a proxy granted by electronic means of
communication only if the shareholder signs it by electronic signature
generated by a safe generation software and certified by a qualified
certificate applicable in the Republic of Lithuania, i.e. if the security of
the conveyed information is ensured and the identity of the shareholder can be
established. The shareholder must notify the Company in writing about a proxy
granted by electronic means of communication by e-mailing such proxy to
info@lelektrine.lt by the closing (3.15 p.m.) of the working day of 1 July
2011. 



Electronic means of communication shall not be used for the participation and
voting at extraordinary general meetings of shareholders. 


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

Attachments:

Reorganizavimo salygos EN.pdf