Lietuvos Dujos - Notification on material event

Regarding the resolutions of General meeting of AB Energijos skirstymo operatorius Shareholders

Vilnius, Lithuania, 2015-12-03 09:50 CET (GLOBE NEWSWIRE) -- Public limited
liability company Lietuvos Dujos, identification code 120059523, the address of
the head office: Aguonų St. 24, LT-03212 Vilnius, Republic of Lithuania. The
total number of registered ordinary shares issued by the Company 290 685 740,
ISIN code LT0000116220. 

The Extraordinary General Meeting of Shareholders of public limited liability
company Lietuvos Dujos held on 3 December 2015, approved the resolution to
reorganise AB LESTO and public limited liability company Lietuvos Dujos by
merger, establishing AB Energijos skirstymo operatorius (hereinafter – Company,
AB Energijos Skirstymo Operatorius). 

The General Meeting of Shareholders of AB Energijos Skirstymo Operatorius held
on 3 December 2015, approved the following resolutions: 

1.      Election of the members of the Supervisory board of AB Energijos
Skirstymo Operatorius. 

1.1. To elect for a period of 4 (four) years the persons named below as members
of the Supervisory board of AB Energijos Skirstymo Operatorius that will start
operating upon the reorganisation of AB LESTO and public limited liability
company Lietuvos Dujos: 

1.1.1.       Dalius Misiūnas (personal code and place of residence must not be
published); 

1.1.2.       Ilona Daugėlaitė (personal code and place of residence must not be
published); 

1.1.3.       Petras Povilas Čėsna (as independent member of the Supervisory
board) (personal code and place of residence must not be published). 

1.2. To establish that members of the Supervisory board of AB Energijos
Skirstymo Operatorius shall start their activities upon the end of the General
Meeting of Shareholders that elected them. 

2.     Regarding the approval of terms and conditions of contracts with members
of the Supervisory board of AB Energijos Skirstymo Operatorius 

2.1. To approve the terms and conditions of the agreement for the protection of
confidential information concluded with the members of the Supervisory Board
(enclosed); 

2.2. To approve the terms and conditions of the contract regarding the
activities of the member of Supervisory Board (enclosed); 

2.3. To approve the terms and conditions of the contract regarding the
activities of an independent member of the Supervisory Board (enclosed); 

2.4. To determine the remuneration of 43,44 EUR (forty-three euros and forty
four cents) per hour (before taxes) for an independent member of the
Supervisory Board for the actual activity as an independent member of the
Supervisory Board; 

2.5. To determine that monthly remuneration for an independent member of the
Supervisory Board of the Company is limited to the maximum amount of 1014 EUR
(one thousand and fourteen euros) (before taxes). 

3.     Regarding the authorization to execute approved decisions.

3.1. To confer upon  the General Manager of AB LESTO and/or the General Manager
of public limited liability company Lietuvos Dujos and, after the registration
of AB Energijos Skirstymo Operatorius, to the CEO of AB Energijos Skirstymo
Operatorius (as applicable) (acting both together and each individually), while
 implementing the requirements laid down in legal acts, to submit the Terms of
Reorganisation of AB LESTO,  public limited liability company Lietuvos Dujos
and other required information and documents to the notary, the Register of
Legal Entities, Bank of Lithuania and other entities; to perform all necessary
actions to register AB Energijos Skirstymo Operatorius in the Register of Legal
Entities in accordance with the procedure established by legal acts; to submit
an application for listing AB Energijos Skirstymo Operatorius shares on NASDAQ
OMX Vilnius Stock Exchange; to perform all other necessary actions related to
the implementation of this decision and the reorganisation of AB LESTO and
public limited liability company Lietuvos Dujos, authorizing  the above
mentioned  representatives (acting both together and each individually ) to
subdelegate to other persons the performance of  the actions specified in this
decision to the full extent. 

3.2. To authorize Mr. Aidas Ignatavičius to sign contracts with the members of
the Supervisory Board the conditions of which are specified in the above
paragraphs 2.1 – 2.3 herein, giving the right to amend non-essential terms and
conditions in the contracts. 

Information about the above resolutions shall be provided on the website of
public limited liability company Lietuvos Dujos at http://www.lietuvosdujos.lt
as well as on the premises of public limited liability company Lietuvos Dujos
(Aguonu St. 24, 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) from the moment of
posting of this announcement. 

Information is not confidential.


         Head of Communications Laura Šebekienė, Tel. No +370 633 99940.