Kauno Energija AB - Notification on material event

The audited activity result of the year 2012

Company's audited net profit of the year 2012 is LTL 837 thousand (EUR 242
thousand) according to the International accounting standards and a net profit
of the Group is LTL 1 196 thousand (EUR 346 thousand). 

Company's sales revenue of the year 2012 is LTL 369 462 thousand (EUR 107 004
thousand). Group's revenue is LTL 369 723 thousand (EUR 107 079 thousand). 

Audited operating results differ from announced unaudited results, i.e. the net
profit of the Company - LTL 1 474 thousand (EUR 427 thousand) and the net
profit of the Group - LTL 1 814 thousand (EUR 525 thousand) according to the
International accounting standards, due to the decision of The National Control
Commission for Prices and Energy of 15 March 2013 No. O3-90 “Regarding hearing
of the issue between UAB “GECO Kaunas” and AB Kauno Energija by preconceived
obligatory order of extrajudicial hearing of complaints and issues”. 

Following this decision the Company has to additionally cover the difference of
prices of heat purchased from an independent uncontrolled heat producer UAB
“GECO Kaunas” in amount of LTL 569 thousand (EUR 165 thousand), which
consisted, as it is described in decision, due to the Company's miscounted
comparable heat production expenditures in November and December of the year
2012. 


         Jovita Sereikienė, Head of Asset Management Department, +370 37 305664