LITGRID - Notification on material event

Intention to conclude long-term loan agreement

Vilnius, Lithuania, 2015-09-16 14:57 CEST (GLOBE NEWSWIRE) -- On 11 September
2015, LITGRID AB informed the participants of the tender of EUR 75 million
long-term loan (announced on 27 July 2015) through the Central Public
Procurement Information System about the rankings of tender offers and the
winning bid. 

As decided by the procurement commission, the best bid was submitted by one of
the country's largest commercial banks - SEB. The loan agreement is expected to
be signed after the mandatory 15-day postponement of the contract signing
period as in accordance with the procurement procedures. SEB will be paid 942.2
thousand euros for a three-year loan. 

The loan is aimed to partly finance the electricity link with Sweden project
NordBalt and to balance company's cash flows. 


         Vilija Railaitė
         Head of Communications
         mob. ph. +370 613 19977
         e-mail vilija.railaite@litgrid.eu