VST AB - Notification on material event

The decisions adopted in the General Shareholders Meeting of LESTO AB on 13 December 2010

  The Extraordinary General Shareholders Meeting of public limited liability    
  company VST (reg. No 110870748, registered office located at J. Jasinskio str.
  16C, LT--01112, Vilnius, actual office and correspondence address Žvejų str.  
  14, LT-09310, Vilnius), held on 13 December 2010, adopted a decision, to      
  reorganise public limited liability company Rytų Skirstomieji Tinklai and     
  public limited liability company VST by merger, establishing LESTO AB.        
  By initiative and decision adopted on 19 November 2010 of the Board of public 
  limited liability company VST, on 13 December 2010 the General Shareholders   
  Meeting of LESTO AB was held where the following decisions were adopted:      
  1. To elect the persons named below as members of the Board of LESTO AB that  
  will start functioning upon the reorganisation of public limited company Rytų 
  Skirstomieji Tinklai and public limited company VST for a period of 4 (four)  
  years:                                                                        
  1.1. Mr. Arvydas Darulis                                                      
  1.2. Mr. Kęstutis Žilėnas                                                     
  1.3. Mr. Aloyzas Vitkauskas                                                   
  1.4. Mr. Dalius Misiūnas                                                      
  1.5. Mr. Šarūnas Vasiliauskas                    
  2. To establish that members of the Board of LESTO AB shall start their       
  activities upon the end of the General Meeting of Shareholders that elected   
  them.                                                                         
  3. To charge the General Managers of public limited company Rytų Skirstomieji 
  Tinklai and public limited company VST and the head of LESTO AB upon the      
  registration of LESTO AB (as applicable) (acting both together and            
  separately), implementing the requirements laid down in legal acts, to submit 
  the conditions of reorganisation of public limited company Rytų Skirstomieji  
  Tinklai and public limited company VST and other required information and     
  documents to the notary, the Register of Legal Entities, the Securities       
  Commission and other entities; to perform all necessary actions to register   
  LESTO AB in the Register of Legal Entities in accordance with the procedure   
  established by legal acts; following to submit an application for listing     
  LESTO AB shares on NASDAQ OMX Vilnius Stock Exchange; to perform all other    
  necessary actions related to the implementation of this decision and the      
  reorganisation of public limited company Rytų Skirstomieji Tinklai and public 
  limited company VST, empowering the abovementioned representatives (acting    
  both together and separately) to reauthorise other persons to perform the     
  actions specified in this decision to the full extent.                        
  Information about the decisions adopted in the Extraordinary General          
  Shareholders Meeting of public limited company LESTO also can be found on the 
  web page of the public company VST http://www.vst.lt/.                        
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  Information is not confidential.                                              
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Chief Executive Officer Rimantas Vaitkus

         Person for contacts: Manager Marketing and Public Relations Kristina
Mažeikytė, tel. (8~5) 251 4500