LESTO AB - Notification on material event

Regarding the supplement of agenda of the Extraordinary General Meeting of Shareholders of LESTO AB

LESTO AB, identification code 302577612, registered office placed at Žvejų str.
14, Vilnius, Republic of Lithuania. The total number of registered ordinary
shares issued by company is 603 944 593; ISIN code LT0000128449. 

LESTO AB informs that UAB “Visagino Atominė Elektrinė”, in accordance with
paragraph 3 of Article 25 of the Law on Companies of the Republic of Lithuania,
which provides that the agenda of General Meeting of Shareholders may be
supplemented by the shareholders holding shares with at least 1/20 of all
votes, and following the offer of the shareholders presented the agenda with
supplemented issues 2, 3 and 4 on 11 July 2013 for the LESTO AB General Meeting
of Shareholders to be held on 26 July 2013 and proposed drafts for their
solutions. 

Currently UAB “Visagino Atominė Elektrinė” owns 82.63 % of LESTO AB shares.

Considering the offering of UAB “Visagino Atominė Elektrinė”, the agenda of
Extraordinary LESTO AB General Meeting of Shareholders shall be arranged as
follows: 

1. Relating to the selection of the audit company that will perform
consolidated audit of financial statements and the audit of LESTO AB financial
statements for the year 2013 of LESTO AB and determination of payment
conditions for the audit services. 

2. Relating to the approval of a new version of the Articles of Association of
the Company. 

3. Relating to the formation of the Supervisory Board.

4. Relating to the approval of the terms and conditions of contracts.



The following are proposed draft solutions for agenda issues to be dealt with
during the Extraordinary LESTO AB General Meeting of Shareholders on 26 July
2013: 

1. Relating to the selection of the audit company that will perform
consolidated audit of financial statements and the audit for the year 2013 of
LESTO AB and determination of payment conditions for the audit services. 

“1.1. To select the audit firm UAB “PricewaterhouseCoopers“ to carry out the
consolidated audit of financial statements and the audit of LESTO AB financial
statements for the year 2013 and to pay it for the audit services of financial
statements for the year 2013 the amount of no more than 90 000,00 LTL
(excluding value added tax).” 



2. Relating to the approval of a new version of the Articles of Association of
the Company. 

“2.1. To approve a new version of the Articles of Association of the Company
(attached) and to authorize the Director General to sign the amended Articles
of Association.” 



3. Relating to the formation of the Supervisory Board.

“3.1. To elect the following 3 (three) persons as Supervisory board members for
a four (4) year cadence: 

3.1.1. (Name, surname) (personal code and place of residence must not be
published); 

3.1.2. (Name, surname) (personal code and place of residence must not be
published); 

3.1.3. (Name, surname) (personal code and place of residence must not be
published). 

3.2. To determine that the member of the Supervisory Board indicated above in
paragraph 3.1.3 herein shall comply with the independence requirements during
the entire term of office.” 



4.            Relating to the approval of the terms and conditions of contracts.

“4.1. To approve the terms and conditions related to the protection of
confidential information agreement signed by the members of the Supervisory
Board (attached); 

4.2.         To approve the terms and conditions of the contract related to the
activity of the Supervisory Board member (attached); 

4.3.         To approve the terms and conditions of the contract related to the
activity of an independent member of the Supervisory Board (attached); 

4.4.         To define an hourly pay (before taxes) in the amount of 150 LTL
(one hundred and fifty LTL) for an independent member of the Supervisory Board
for the actual activity as an independent member of the Supervisory Board; 

4.5.         To establish that the hourly pay for an independent member of the
Supervisory Board of the Company is limited to a maximum amount of 3,500 LTL
(three thousand five hundred LTL) (before taxes); 

4.6.         To authorize the Director General to sign contracts with the
members of the Supervisory Board the conditions of which are specified in the
above paragraphs 4.1 - 4.3 herein, giving the right to emend non-essential
terms and conditions in the contracts.” 



The date, time and place of the Extraordinary General Meeting of Shareholders:
The Extraordinary General Meeting of Shareholders of LESTO AB will be held on
26 July 2013, at 9.00 a.m., on the premises of LESTO AB (Žvejų str. 14,
Vilnius). 

The shareholder registration will start at 8.25 a.m. and will end at 8.55 a.m.

The record date of these General Meetings is 19 July 2013. Only persons who are
shareholders of LESTO AB 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 LESTO AB. 

Shareholders can familiarise themselves with documents related to the agenda of
the General Meeting of Shareholders of LESTO AB, 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 LESTO AB at http://www.lesto.lt from the date of this notice as well
as on the premises of LESTO AB (Žvejų str. 14, 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). 

Information is not confidential.


         Representative for Public Relations Ernestas Naprys, Tel. No (+370-5)
251 4516.

Attachments:

1 pr_Articles of association of LESTO AB_en.pdf

3 pr_Contract for the terms of supervisory board activities.pdf

4 pr_Contract for the working conditions of member of independent supervisory board_en.pdf

2 pr_Conditions of the contract on protection of confidential information_en.pdf