Lietuvos Energija AB - Notification on material event

Extraordinary general shareholders meetings are to be convened

On 28 May 2008, the Board of Lietuvos Energija AB (company code 220551550)
resolved to convene an extraordinary general shareholders meeting on 30 June
2008. The meeting will take place in Vilnius, Juozapavičiaus str.13, in the
conference hall. The beginning of the meeting - at 9.00 a.m. 
The established date for the headcount of the shareholders of the extraordinary
general shareholders meeting - 20 June 2008. 
Agenda of the Meeting: 
1. Approval of a new wording of the Articles of Association of the company.
2. Revocation and dissolution of the Supervisory Council of the company.  
The Board approved the following draft resolutions of Lietuvos Energija AB
extraordinary shareholders meeting: 
On the 1st issue of the Agenda:
1. To approve the new Articles of Association of the company, attached thereto
as the Annex. 
2. To authorize Rimantas Šukys, Acting General Director of Lietuvos Energija
AB, to sign the new wording of the Articles of Association of the company. 
3. To authorize Rimantas Šukys, Acting General Director of Lietuvos Energija
AB, (with a right of transfer this authorization to another person)  to
register the new wording of the Articles of Association of the company in the
Register of Legal Persons abiding by the procedure set forth by the Law. 
On the 2nd issue of the Agenda:
  To revoke the Supervisory Council of the company from the first date of
registration of the new Articles of   Association of the company. 

On 28 May 2008, the Board of Lietuvos Energija AB (company code 220551550)
resolved to convene an extraordinary general shareholders meeting on 8 July
2008. The meeting will take place in Vilnius, Juozapavičiaus str.13, in the
conference hall. The beginning of the meeting - at 9.00 a.m. 
The established date for the headcount of the shareholders of the extraordinary
general shareholders meeting - 30 June 2008. 
Agenda of the Meeting: 
1. Revocation of the Board of the company.
2. Elections of the Board of the company. 
The Board approved the following draft resolutions of Lietuvos Energija AB
extraordinary shareholders meeting: 
On the 1st issue of the Agenda:
  To revoke the Board of the company.
On the 2nd issue of the Agenda:
  To elect the persons listed below to the company's Board for a four-year
tenure: … 
Ona Garniene
Leading economist
Phone 8 5 2782457