LITGRID AB - Notification on material event

Convocation of the extraordinary general meeting of shareholders of LITGRID AB

Vilnius, Lithuania, 2011-10-07 15:20 CEST (GLOBE NEWSWIRE) --  On the
initiative and by the decision of the Board of LITGRID AB (legal entity code
302564383, address of the registered office at A. Juozapavičiaus g. 13,
Vilnius), an extraordinary general meeting of shareholders of LITGRID AB is
convened on 3 November 2011. The meeting will be held in room 226 in the
company's office at A. Juozapavičiaus g. 13, Vilnius. The beginning of the
meeting: at 10:00 on 3 November 2011. The shareholders' registration begins at
09:30 on 3 November 2011. The shareholders' registration ends at 09:55 on 3
November 2011. 

The shareholders record date of the extraordinary general meeting of
shareholders is set to be 25 October 2011. Only the persons that are
shareholders of LITGRID AB at the end of the shareholders record date of the
extraordinary general meeting of shareholders can participate and vote in the
extraordinary general meeting of shareholders. 

The rights record date of the extraordinary general meeting of shareholders is
set to be 17 November 2011. Only the persons that are shareholders of the
company at the end of the rights record date of the meeting will have the
shareholders' property rights provided for in paragraphs 1(1) - 1(4) of Article
15 of the Law of the Republic of Lithuania on Companies. 

The agenda of the meeting and the proposed draft resolution:

  1. Regarding election of Board members. 

Proposed draft resolution:

“To elect the following persons as members of the Board of LITGRID AB till the
end of the term of office of the current Board of LITGRID AB: 

  1. Mr. Arvydas Darulis (personal ID number _________, residing at
     ______________);
  2. Ms. Viktorija Sankauskait
ė
 (personal ID number ___________, residing at ________________)”.

The shareholders can familiarise themselves with documents related to the
agenda of the meeting, the draft resolution, and the general ballot paper on
working days starting from 11 October 2011 in the premises of LITGRID AB at A.
Juozapavičiaus g. 13, Vilnius, room 141, during the working hours of the
company (07:30 - 11:30 and 12:15 - 16:30, on Fridays 07:30 - 11:30 and 12:15 -
15:15). These documents and other information to be made public according to
the law that is related to the shareholders' right to make proposals to add
issues to the agenda of the meeting, to propose draft resolutions on issues in
the agenda of the meeting and the shareholders' right to present questions
related to issues on the agenda of the meeting to the company in advance will
also be published on the company's website at http://www.litgrid.eu starting
from 11 October 2011. 

If a shareholder having the right to vote or his duly authorised representative
requests in writing, the company will prepare and no later than 10 days before
the general meeting of shareholders will send a general ballot paper by
registered mail or deliver it personally against signature. The general ballot
paper will also be available on the company's website at http://www.litgrid.eu.
A filled-in and signed general ballot paper and a document confirming the right
to vote can be presented to the company by registered mail or delivered to the
company at A. Juozapavičiaus g. 13, Vilnius, no later than by the end of the
working hours (16:30) on 2 November 2011. 

The company retains the right not to include the votes cast by the shareholder
or its authorised representative in advance into the voting results if the
presented general ballot paper does not meet the requirements set in paragraphs
3 and 4 of Article 30 of the Law of the Republic of Lithuania on Companies, or
if it is received late or is filled in a way that makes it impossible to
establish the true will of the shareholder on a specific issue. 

Persons have the right to vote at the general meeting of shareholders by proxy
(under a power of attorney). A power of attorney is a written document issued
by a person (principal) to another person (authorised agent, proxy) to
represent the principal in establishing and maintaining relations with third
persons. A power of attorney to perform, on behalf of a natural person, the
actions related to legal persons, with the exception of cases where the
authorisation of a different form is permitted by law, must be certified by a
notary public. Proxies must have a personal identity document and a power of
attorney certified under the procedure established by law that they must
present no later than by the end of registration of the shareholders
participating in the general meeting of shareholders. A proxy is entitled to
the same rights in the general meeting of shareholders as the shareholder
represented by him/her would have. 

Shareholders having the right to participate in the general meeting of
shareholders have the right to authorise a natural or legal person by means of
electronic communication to vote on their behalf in the general meeting of
shareholders. Such an authorisation does not need to be certified by a notary
public. The company accepts an authorisation given by means of electronic
communication only in case a shareholder signs it with one's electronic
signature created with secure signature creation device and certified with a
qualified certificate valid in the Republic of Lithuania, i.e. if the security
of the transmitted information is ensured and the identity of the shareholder
can be determined. The shareholder must notify the company in writing about
such an authorisation given by means of electronic communication, sending it by
e-mail to info@litgrid.eu no later than by the end of the working hours (16:30)
on 2 November 2011. 

Participation and voting in the general meeting of shareholders by means of
electronic communication is not possible. 


         Vilija Railaitė
         Head of Communications
         Phone +370 5278 2361
         Mobile +370 613 19977
         E-mail vilija.railaite@litgrid.eu