LESTO - Notification on material event

Regarding the initiated legal proceedings by LESTO AB

LESTO AB, identification code 302577612, registered office placed at Žvejų str.
14, Vilnius, Republic of Lithuania. The total number of registered ordinary
shares issued by company is 603 944 593; ISIN code LT0000128449. 

On the 24 of November, 2014 LESTO received information that Company's complaint
regarding the partial withdrawal of National Commission's for Energy Control
and Prices decisions of 17 October 2014 No. O3-841 and No. O3-845 was accepted
by Vilnius Regional Administrative Court. 

In Company's opinion, decisions by National Commission for Energy Control and
Prices illegally extended the regulatory period of year 2011-2013 for the year
2015 and fixed electricity distribution price cap incorrectly, failing to
assess the Resolution No. 1026 on the establishment of Principles and
provisions of State-regulated prices in the electricity sector, approved by the
Government of the Republic of Lithuania on 24 September 2014, and improperly
counting the applicable rate of return (WACC) for the year 2015. 

Information is not confidential.


         Representative for Public Relations Martynas Burba, Tel. No (8~5) 251
4516.