LESTO - Notification on material event

Regarding of the Extraordinary General Meeting of Shareholders of LESTO AB

LESTO AB, identification code 302577612, registered office placed at Aguonų
str. 26, Vilnius, Republic of Lithuania. The total number of registered
ordinary shares issued by company is 603 944 593; ISIN code LT0000128449. 

On August 31, 2015 LESTO AB received a request from the Company's shareholder -
„Lietuvos energija“, UAB, holding 94, 39 percent of votes in the Company‘s
General Shareholders Meeting - to convene the Extraordinary General Meeting of
Shareholders of LESTO AB. “Lietuvos energija”, UAB states that the purpose of
the Extraordinary General Meeting of Shareholders of LESTO AB is to pay
dividends for the period shorter than the usual financial year (as of June 30,
2015). The shareholder has submitted the agenda of the Extraordinary General
Meeting of Shareholders of LESTO AB and the draft decision on dividends for the
period shorter than the usual financial year. 

An Extraordinary General Meeting of Shareholders of LESTO AB is to be convened
on the initiative of “Lietuvos energija”, UAB, and by the decision of the Board
of LESTO AB on 31 August 2015. 

The date, time and place of the Extraordinary General Meeting of Shareholders:
The Extraordinary General Meeting of Shareholders of LESTO AB will be held on
24 September 2015, at 11.00 a.m., on the premises of LESTO AB (Aguonų str. 26,
Vilnius). 

The shareholder registration will start at 10.25 a.m. and will end at 10.55 a.m.

The record date of these General Meetings is 17 September 2015. Only persons
who are shareholders of LESTO AB at the end of the record date of the General
Meeting of Shareholders of company shall have the right to attend and vote at
the General Meeting of Shareholders of LESTO AB. 

The agenda and the proposed draft resolution by “Lietuvos energija”, UAB of the
Extraordinary General Meeting of Shareholders of LESTO AB: 

1.   LESTO AB Supervisory board review regarding interim Financial Statements
of LESTO AB, interim Report of LESTO AB and decision regarding allocation of
dividends for shareholders of LESTO AB for the period shorter than financial
year. 

[Presented for LESTO AB shareholders information].

2.  Regarding the consideration of interim Report of LESTO AB group for the
period of six months of 2015. 

“Approve the consolidated interim Report of LESTO AB group for the period of
six months of 2015 (enclosed).” 

3.  Approval of the interim 2015 Half-Year Financial Statements of LESTO AB.

„Approve the interim 2015 Half-Year Financial Statements of LESTO AB, audited
by “PricewaterhouseCoopers” UAB, the Company‘s auditor (enclosed).” 

4.  Regarding allocation of dividends for shareholders of LESTO AB for the
period shorter than financial year (30 June 2015). 

„In accordance with Article 601 Item 5 of the Company Law of the Republic of
Lithuania, approve the allocation of dividends - 0,0360 EUR per AB LESTO share
- for shareholders of LESTO AB for the period shorter than financial year (30
June 2015).“ 

The right to receive dividends will only apply to those, who were shareholders
of LESTO AB on 8 October 2015. 

Shareholders participating in the General Meeting of Shareholders of LESTO AB
shall produce an identity document. Shareholders shall be granted pecuniary and
non-pecuniary rights provided for by laws and other legal acts of the Republic
of Lithuania. Shareholders entitled to participate in the aforementioned
shareholder meeting shall have the right to authorise, in writing, a natural or
legal person to participate and vote on their behalf at the General Meetings of
Shareholders indicated in this notice. Such a written authorisation shall be
approved in accordance with the procedure laid down in legal acts and shall be
delivered to Aguonų str. 26, Vilnius no later than by the end of shareholder
registration for a relevant General Meeting. Shareholders entitled to
participate in the General Meeting of Shareholders of LESTO AB shall also have
the right to authorise, by electronic means of communication, a natural or
legal person to participate and vote on their behalf at the General Meeting of
Shareholders. An authorisation issued by electronic means of communication
shall be recognised as valid provided that the security of the information
transferred is ensured and it is possible to identify the shareholder.
Shareholders shall report the issuance of an authorisation by electronic means
of communication by sending it by e-mail to info@lesto.lt not later than by the
end of the working day on 23 September 2015 (4:30 p.m.). The authorised person
shall have an identity document and shall enjoy the same rights at the General
Meeting as the shareholder represented by him would enjoy (unless the issued
authorisation or laws provide for narrower rights of the authorised person).
The shareholder's right to participate in the General Meeting of Shareholders
shall also include the right to ask. LESTO AB has not approved any special
authorisation form of the abovementioned General Meeting of Shareholders. 

The agenda of the General Meeting of Shareholders of LESTO AB may be
supplemented on the initiative of shareholders of company whose shares held in
company carry at least 1/20 of all votes at the General Meeting of Shareholders
of LESTO AB. The proposal to supplement the agenda of the respective General
Meeting of Shareholders shall be accompanied by draft decisions or, where no
decisions have to be taken, by explanations on each proposed agenda item of the
Extrardinary General Meeting of Shareholders. The agenda shall be supplemented
if the proposal is received no later than 14 before the respective General
Meeting of Shareholders. Shareholders whose shares held in LESTO AB carry at
least 1/20 of all votes at the General Meeting of Shareholders of  company
shall have the right to propose, at any time before the General Meeting of
Shareholders of LESTO AB, new draft decisions on issues that are included or
will be included in the agendas of the General Meeting of Shareholders of LESTO
AB. Proposals on the supplementation of the respective agenda or relevant draft
decisions shall be submitted in writing to LESTO AB, Aguonų str. 26, Vilnius,
or by e-mail to info@lesto.lt. 

Shareholders of LESTO AB shall have the right to present questions related to
the agend of the General Meeting of Shareholders of company. Questions may be
presented by e-mail to info@lesto.lt or delivered to LESTO AB to Aguonų str.
26, Vilnius, no later than 3 working days before the General Meeting of
Shareholders. 

Shareholders will be able to vote on the agenda items of the General Meeting of
Shareholders of LESTO AB in writing by filling in ballot papers. At the request
of a shareholder, LESTO AB shall send, free of charge, a ballot paper to the
shareholder by registered post or deliver it by hand against signature no later
than 10 days before the General Meeting of Shareholders of LESTO AB. A
completed ballot paper shall be signed by the shareholder or a person
authorised by the shareholder. Where a person authorised by the shareholder
casts a vote, a document certifying the right to vote shall be attached to the
completed ballot paper. Filled and signed general ballot paper and the document
confirming the voting right can be sent to the company by registered mail or
delivered at Aguonų str. 26, Vilnius, no later before the General Meeting of
Shareholders. The company retains the right not to recognize the advance vote
of the shareholder or his/her authorised representative, if his/her submitted
general ballot paper does not meet the requirements of Paragraphs 3 and 4 of
Article 30 of the Law on Companies of the Republic of Lithuania, was received
to late or is filled so that the true will of the shareholder on an individual
matter cannot be determined. Electronic means of communication shall not be
used for participation and voting at either of the abovementioned General
Meeting of Shareholders. 

Shareholders can familiarise themselves with documents related to the agenda of
the General Meeting of Shareholders of LESTO AB, draft decisions on the agenda,
documents to be submitted to General Meeting of Shareholders and other
information related to the implementation of the rights of shareholders
specified in this notice on the website of LESTO AB at http://www.lesto.lt from
the date of this notice as well as on the premises of LESTO AB (Aguonų str. 26,
Vilnius) during working 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). 

Information is not confidential.

Attachments:

Consolidated interim report of LESTO for first half of 2015 and interim 2015 half-year financial statements of LESTO company and group.pdf