Lietuvos Energija AB - Notification on material event

On 4 December 2008, extraordinary general meeting of shareholders was held

During the extraordinary general meeting of shareholders of AB Lietuvos
energija (legal entity code 220551550) held on 4 December 2008 the following
decisions were adopted: 


1. Spin-off of the branches Kruonio HAE and Kauno HE from AB Lietuvos energija. 

To approve the preparation of terms under which the Kauno hydro-electric power
plant and the Kruonio pumped storage power plant would be spun-off, both
legally and from the point of view of their functions, from AB Lietuvos
energija as is provided for in the Agreement on Subscription of Shares of LEO
LT, AB of 27 May 2008. 


2. Election of an audit company for AB Lietuvos energija and establishment of
the conditions of payment for audit services. 

To elect close stock company ERNST & YOUNG BALTIC as provider of audit services
of 2008 financial statements of the Company and 2008 financial statements
(consolidated) of subsidiaries of the Company. To establish the remuneration
for audit services in the amount of LTL 106,200 (VAT inclusive) to be paid
within 40 days as of provision of the services. 


3. Election of members of the Board. 

To elect the following persons as members of the Board of the Company for the
remaining term of office of the previous Board, namely, Darius Masionis, Aldona
Jakutienė, Vidmantas Grušas and Mindaugas Jablonskis. 


It was decided not to consider the question of the agenda regarding amendments
to the Articles of Association of the Company (approval of amended wording) as
well as not to adopt any decisions on this matter. 


Ona Garnienė
Senior Accountant
Tel. +370 5 278 2457