Lietuvos energijos gamyba, AB - Notification on material event

On adopted Resolution of the Court

Elektrėnai, Lithuania, 2015-04-30 15:14 CEST (GLOBE NEWSWIRE) -- “Lietuvos
energijos gamyba”, AB (company code 302648707, registered office at Elektrinės
st. 21, Elektrėnai; the Company), informs that on 30 April, 2015 Vilnius
Regional Administrative Court rejected the Company's appeal on the resolutions
of the National Commission for Energy Control and Prices “On the results of
electricity generation market inquiry”, dated 07/08/2014, No. O3-757. 

As it was stated in the Notification on material event of the Company, dated 7
August, 2014, by Resolution the National Commission for Energy Control and
Price declared the Company as an undertaking having significant power in
electricity generation market and placed obligations on the Company, starting
from 1 January, 2015, in relations to the application of the prices and
disclosure of the information on the regulated activities of the Company. 

As it was noted by the Company, the electricity generation market inquiry is
conducted under incorrect presumptions. Due to this, the Company appealed to
the court the decision to declare the Company as an undertaking significant
power in electricity generation market and to impose related obligations.
According to the Company, the decision of the court is unjustified, therefore
the Company, in accordance with the laws, will consider to appeal this decision
of the court. 


         Valentas Neviera, Head of Corporate Communication Division, tel. +370
5 278 2908, e-mail. valentas.neviera@le.lt