Energijos Skirstymo Operatorius AB - Notification on material event

Regarding the Ordinary General Meeting of Shareholders of Energijos Skirstymo Operatorius AB

Energijos Skirstymo Operatorius AB (hereinafter – and ESO), identification code
304151376, registered office placed at Aguonu str. 24, Vilnius, Republic of
Lithuania. The total number of registered ordinary shares issued by company is
894 630 333; ISIN code LT0000130023. 

An Ordinary General Meeting of Shareholders of ESO is to be convened on the
initiative and by the decision of the Board of company on 4 March 2016. 

The date, time and place of the Ordinary General Meeting of Shareholders: The
Ordinary General Meeting of Shareholders of ESO will be held on 29 March 2016,
at 10.00 a.m., on the premises of ESO (Aguonų str. 24, second floor, 207 hall,
Vilnius). 

The shareholder registration will start at 9.25 a.m. and will end at 9.55 a.m.

The record date of these General Meetings is 21 March 2016. Only persons who
are shareholders of ESO at the end of the record date of the General Meeting of
Shareholders of company shall have the right to attend and vote at the General
Meeting of Shareholders of ESO. 

The following agenda of the Ordinary General Meeting of Shareholders of ESO was
approved by the decision of the Board of company on 4 March 2016 and the
following draft decisions is proposed: 

Agenda of the Ordinary General Meeting of Shareholders of ESO:

  1. Regarding the approval of the consolidated Annual Report of the group of
     LESTO AB and the Annual Report of Public limited liability company Lietuvos
     Dujos for the year 2015.
  2. Regarding the approval of the audited consolidated Annual Financial
     Statements of LESTO AB for the year 2015 and the approval of the audited
     Annual Financial Statements of Public limited liability company Lietuvos
     Dujos for the year 2015.
  3. Regarding the allocation of the profit (loss) of Energijos Skirstymo
     Operatorius AB of the year 2015.

The proposed drafts decisions of the General Meeting of Shareholders of ESO on
the abovementioned agenda items: 

1. Regarding the approval of the consolidated Annual Report of the group of
LESTO AB and the Annual Report of Public limited liability company Lietuvos
Dujos for the year 2015: 

“1.1. Approve the consolidated Annual Report of the group of LESTO AB (see
attached); 

1.2. Approve the Annual Report of Public limited liability company Lietuvos
Dujos for the year 2015 (see attached).” 

2. Regarding the approval of the audited consolidated Annual Financial
Statements of LESTO AB for the year 2015 and the approval of the audited Annual
Financial Statements of Public limited liability company Lietuvos Dujos for the
year 2015: 

“2.1. Approve the consolidated Annual Financial Statements of LESTO AB for the
year 2015 (see attached) audited by the audit company PricewaterhouseCoopers
UAB; 

2.2. Approve the Annual Financial Statements of Public limited liability
company Lietuvos Dujos for the year 2015 (see attached) audited by the audit
company PricewaterhouseCoopers UAB;” 

3. Regarding the allocation of the profit (loss) of Energijos Skirstymo
Operatorius AB of the year 2015. 

“3.1. To allocate the profit (loss) of Energijos Skirstymo Operatorius AB of
the year 2015 (see attached).” 

Shareholders participating in the General Meeting of Shareholders of ESO shall
produce an identity document. Shareholders shall be granted pecuniary and
non-pecuniary rights provided for by laws and other legal acts of the Republic
of Lithuania. Shareholders entitled to participate in the aforementioned
shareholder meeting shall have the right to authorise, in writing, a natural or
legal person to participate and vote on their behalf at the General Meetings of
Shareholders indicated in this notice. Such a written authorisation shall be
approved in accordance with the procedure laid down in legal acts and shall be
delivered to Aguonų str. 24, Vilnius no later than by the end of shareholder
registration for a relevant General Meeting. Shareholders entitled to
participate in the General Meeting of Shareholders of ESO shall also have the
right to authorise, by electronic means of communication, a natural or legal
person to participate and vote on their behalf at the General Meeting of
Shareholders. An authorisation issued by electronic means of communication
shall be recognised as valid provided that the security of the information
transferred is ensured and it is possible to identify the shareholder.
Shareholders shall report the issuance of an authorisation by electronic means
of communication by sending it by e-mail to info@eso.lt not later than by the
end of the working day on 25 March 2016 (3:15 p.m.). The authorised person
shall have an identity document and shall enjoy the same rights at the General
Meeting as the shareholder represented by him would enjoy (unless the issued
authorisation or laws provide for narrower rights of the authorised person).
The shareholder’s right to participate in the General Meeting of Shareholders
shall also include the right to ask. ESO has not approved any special
authorisation form of the abovementioned General Meeting of Shareholders. 

The agenda of the General Meeting of Shareholders of ESO may be supplemented on
the initiative of shareholders of company whose shares held in company carry at
least 1/20 of all votes at the General Meeting of Shareholders of ESO. The
proposal to supplement the agenda of the respective General Meeting of
Shareholders shall be accompanied by draft decisions or, where no decisions
have to be taken, by explanations on each proposed agenda item of the Ordinary
General Meeting of Shareholders. The agenda shall be supplemented if the
proposal is received no later than 14 before the respective General Meeting of
Shareholders. Shareholders whose shares held in ESO carry at least 1/20 of all
votes at the General Meeting of Shareholders of company shall have the right to
propose, at any time before the General Meeting of Shareholders of ESO, new
draft decisions on issues that are included or will be included in the agendas
of the General Meeting of Shareholders of ESO. Proposals on the supplementation
of the respective agenda or relevant draft decisions shall be submitted in
writing to ESO, Aguonų str. 24, Vilnius, or by e-mail to info@eso.lt. 

Shareholders of ESO shall have the right to present questions related to the
agenda of the General Meeting of Shareholders of company. Questions may be
presented by e-mail to info@eso.lt or delivered to ESO to Aguonų str. 24,
Vilnius, no later than 3 working days before the General Meeting of
Shareholders. 

Shareholders will be able to vote on the agenda items of the General Meeting of
Shareholders of ESO in writing by filling in ballot papers. At the request of a
shareholder, ESO shall send, free of charge, a ballot paper to the shareholder
by registered post or deliver it by hand against signature no later than 10
days before the General Meeting of Shareholders of ESO. A completed ballot
paper shall be signed by the shareholder or a person authorised by the
shareholder. Where a person authorised by the shareholder casts a vote, a
document certifying the right to vote shall be attached to the completed ballot
paper. Filled and signed general ballot paper and the document confirming the
voting right can be sent to the company by registered mail or delivered at
Aguonų str. 24, Vilnius, no later before the General Meeting of Shareholders.
The company retains the right not to recognize the advance vote of the
shareholder or his/her authorised representative, if his/her submitted general
ballot paper does not meet the requirements of Paragraphs 3 and 4 of Article 30
of the Law on Companies of the Republic of Lithuania, was received to late or
is filled so that the true will of the shareholder on an individual matter
cannot be determined. Electronic means of communication shall not be used for
participation and voting at either of the abovementioned General Meeting of
Shareholders. 

Shareholders can familiarise themselves with documents related to the agenda of
the General Meeting of Shareholders of ESO, draft decisions on the agenda,
documents to be submitted to General Meeting of Shareholders and other
information related to the implementation of the rights of shareholders
specified in this notice on the website of ESO at http://www.eso.lt from the
date of this notice as well as on the premises of ESO (Aguonų str. 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). 


         Representative for Public Relations Martynas Burba, tel. (8~5) 2514516.

Attachments:

Profit loss distribution project for 2015.pdf

LESTO annual report 2015 project.pdf

LD annual report project 2015.pdf