LITGRID AB - Notification on material event

Resolutions Adopted at the Ordinary General Shareholders Meeting of LITGRID AB on April 7, 2014

Vilnius, Lithuania, 2014-04-07 14:06 CEST (GLOBE NEWSWIRE) -- On April 7, 2014
during the ordinary general shareholders meeting of LITGRID AB (legal entity
code - 302564383, legal status - public company, registered address: A.
Juozapavičiaus g. 13, Vilnius city, Vilnius city municipality, the Republic of
Lithuania, data about the company are collected and stored at Vilnius branch of
VĮ Registrų Centras, Division of Registry of Legal Entities), the following
resolutions were adopted: 

1. Approval of the Company's consolidated annual report for 2013.
To approve the consolidated annual report on the activity of the Company and
the Group for 2013 (see attached). 


2. Presentation of the findings of an independent auditor
The findings of the Company's audit presented.


3. Approval of a set of consolidated statements and financial statements of the
Company for 2013. 
To approve a set of consolidated statements and financial statements of the
Company for 2013 (see attached). 


4. Distribution of the Company's profit (loss) for 2013.
To approve the distribution of the Company's profit (loss) for 2013 (see
attached). 


5. Approval of the standard terms of the Contract for the Activity of a Member
of the Supervisory Board 
To approve the standard terms of the Contract for the Activity of a Member of
the Supervisory Board (see attached). 


6. Election of a new member of the Supervisory Board
6.1. To elect Mindaugas Vaičiulis as a member of the Supervisory Board of
LITGRID AB from 8 April, 2014 for the remaining term of the Supervisory Board. 
6.2. To consider the newly elected member of the Supervisory Board an
independent member of the Supervisory Board. 
6.3. To set the hourly wage of LTL 150 (one hundred fifty litas) without VAT
for the Company's independent member of the Supervisory Board for the
activities actually performed as an independent member of the Supervisory
Board. 
6.4. To establish that the maximum monthly wage of an independent member of the
Supervisory Board shall be the amount of LTL 2.500 (two thousand five hundred
litas) without VAT. 
6.5. To authorise the chairman of LITGRID UAB Supervisory Board to conclude
with the newly elected member of the Supervisory Board a Contract for the
Activity of a Member of the Supervisory Board. 
6.6. To authorise LITGRID AB Chief Executive Officer to perform all the
necessary actions related to the election of a new member of the Supervisory
Board and registration at the Register of Legal Entities of the Republic of
Lithuania. LITGRID Chief Executive Officer has the right to transfer the
authorisation to (to authorise) any other persons to perform any of the
aforesaid actions. 


Mindaugas Vaičiulis (born in 1974) is the Director of the Banking Service of
the Bank of Lithuania. Mindaugas Vaičiulis has Bachelor's and Master's degrees
in banking from Vilnius University and is a certified financial analyst. 


LITGRID AB notes that only the persons who are the shareholders of LITGRID AB
at the end of the record date, i.e. 22 April 2014, are entitled to dividends.
Dividends to such persons are to be paid in compliance with Clause 5 of Article
60 of the Law on Companies of the Republic of Lithuania, i.e. within 1 (one)
month from the day of the adoption of a decision on dividend payment, through
the securities account managers of LITGRID AB shareholders and LITGRID AB's
(issuer) securities accounting manager Swedbank AB. 


Dividends of LTL 0.2237 (EUR 0.0648) per share.


Information about the aforementioned decisions is also available on the website
of LITGRID AB at http://www.litgrid.eu as well as at the headquarters of
LITGRID AB (A. Juozapavičiaus g. 13, Vilnius) during business hours (7.30-11.30
a.m. and 12.15-4.30 p.m.; 7.30-11.30 a.m. and 12.15-3.15 p.m. on Fridays). 




         Vilija Railaitė
         Head of Communications,
         mob. ph. 613 19977, e-mail vilija.railaite@litgrid.eu

Attachments:

Consolidated financial statement for 2013.pdf

LITGRID 2013 distribution of profit.pdf