Kauno Energija AB - Notification on material event

General meeting of JSC “Kauno energija” shareholders and decisions projects

Having received Jurbarkas district request, JSC “Kauno energija” management
board decided to clarify the 1st and 2nd decision projects of the 23 July, 2009
13 p.m. the shareholder's meeting. The following are: 

1. Agenda question - increasing of JSC “Kauno energija” authorized capital.
Decision project:
1.1 To increase authorized capital of joint stock company „Kauno energija“ up
to 136 815 570 LTL (from 119 510 292 LTL  up to 256 325 862 LTL by issuing 22
802 595 ordinary registered 6 LTL (1,74 EUR) nominal value of shares, the issue
price equal to the nominal value; 
1.2 To cancel the priority right for all shareholders to acquire newly issued
22 802 595 units ordinary named 6 (six) LTL (1,74 EUR) nominal value shares,
giving the rights to: 
•	22 700 000 (twenty two million seven hundred thousand) units ordinary named 6
(six) LTL nominal value shares of joint stock company „Kauno energija“, nominal
value of shares, the issue price equal to the nominal value, the right to
purchase these shares budget office of Kaunas city municipality, code
111106319, Laisvės al. 96, Kaunas, the purpose of the Kaunas City Municipality
joint stock company "Kauno energija“ transferred to it owned buildings and
civil engineering works (Collector) - tunnels as a contribution; 
•	102 595 (one hundred and two thousand five hundred and ninety-five) units
ordinary named 6 (six) LTL nominal value shares of joint stock company „Kauno
energija“, nominal value of shares, the issue price equal to the nominal
value., the right to purchase these shares budget office of Jurbarkas city
municipality, code 188713933, Dariaus ir Girėno str. 96, Jurbarkas. In return
Jurbarkas city municipality transferred to it owned engineering networks as a
contribution. 
1.3 To agree that Kaunas city municipality acquires joint stock company's"Kauno energija” released 22 700 000 (twenty two million seven hundred
thousand) units ordinary named 6 (six) LTL (1,74 EUR) nominal value of shares,
the issue price equal to the nominal value, for a contribution of Kaunas city
municipality owned engineering structures (collectors) - tunnels (property
assessors set the value of the assets - 136 200 000 LTL) to JSC “Kauno
energija”; 
1.4. To agree that Jurbarkas city municipality acquires joint stock company's"Kauno energija” released 102 595 (one hundred and two thousand five hundred
and ninety-five) units ordinary named 6 (six) LTL nominal value of shares, the
issue price equal to the nominal value, in return JSC “Kauno energija” will
acquire as a contribution Jurbarkas District Municipality's owned engineering
networks (asset evaluators found the value of the property - 615 570 LTL). 

2. Agenda question - Concerning the change of JSC "Kauno energija" regulations.
Decision project:
To change the regulations of joint stock company „Kauno energija“ setting out
their new version and to authorize general director of joint stock company
„Kauno energija“ to sign the changed regulations of joint stock company „Kauno
energija“. 
Jovita Sereikienė
Head of Asset Management Department
+370 37 305664

Attachments:

istatu projektas_2009-07_08.doc