Lietuvos energijos gamyba, AB - Notification on material event

Regarding Shares Acquired by Lietuvos Energija, UAB, during the Redemption of Shares of LIETUVOS ELEKTRINĖ, AB

Elektrėnai, Lithuania, 2016-05-24 15:01 CEST (GLOBE NEWSWIRE) -- Lietuvos
Energijos Gamyba, AB (hereinafter referred to as The Company), registered
address: Elektrinės St 21, Elektrėnai, Lithuania, legal entity number
302648707, hereby informs that on 23 May 2016 it received a letter from the
main shareholder Lietuvos Energija, UAB (hereinafter, Lietuvos Energija),
registered address: Žvejų St 14, Vilnius, Lithuania, legal entity number
301844044, regarding the redemption of shares of LIETUVOS ELEKTRINĖ, AB in the
course of execution of the judgement of the Supreme Court of Lithuania. During
the redemption, the shares of LIETUVOS ELEKTRINĖ, AB were equated to the shares
of the Company. 

By the letter, Lietuvos Energija informed about a letter received from AB SEB
Bank, which represented Lietuvos Energija during the process of redemption of
shares, whereby the Bank stated that during the process 1,144 agreements on
purchase-sale of shares had been registered. On the basis of these agreements,
3,866,497 (three million eight hundred sixty-six thousand four hundred and
ninety-seven) shares of the Company were transferred to Lietuvos Energija. 

The amount payable for the shares transferred to Lietuvos Energija into its
ownership was transferred to the bank account indicated by AB SEB Bank on 23
May 2016. On the same day, the monetary funds were transferred to persons who
had sold the shares, to the bank accounts specified in their requests. 

In total, currently Lietuvos Energija owns 614,382,012 (six hundred and
fourteen million three hundred and eighty-two thousand and twelve) ordinary
registered shares of the Company with the nominal value of EUR 0.29 (point 29
euro), which grant 96.74% votes at the General Meeting of Shareholders of the
Company. 

We would like to remind you that the conditions of redemption of shares of the
former LIETUVOS ELEKTRINĖ, AB were announced by the Company in the notice of
material event of 8 February 2016. Minority shareholders were able to submit
requests regarding the redemption of shares by 9 May 2016. 


         Valentas Neviera, Head of Corporate Communication Division, tel. +370
670 25997, e-mail. valentas.neviera@le.lt

Attachments:

Press release_24 May 2016.pdf