LESTO AB - Interim information

Due to preliminary unaudited operating results of LESTO AB company group for nine months of 2013

Electricity distribution network operator's AB LESTO (further - LESTO) group
earned profit for the three consecutive quarters - group‘s net profit amounted
to 42.27 million LTL, while during the same period of 2012 group net loss made
up 24.91 million LTL. The results are improved due to reduced operating costs,
efficient investments of the group and increasing volume of network service. 

During the three quarters of this year LESTO group earned 1.79 billion LTL,
comparing with the same period of 2012 sales revenue increased by 6.67 %. Such
change of revenue was influenced by the increased: Public Service Obligations
(PSO) fee, increased prices of electricity transmission services, higher
electricity purchase prices. During the nine months of 2013 electricity
purchase costs increased by 5 % comparing with the same period of 2012 and made
up 1.23 billion LTL. Volume of network service increased by 1.9 % and reached
6.07 billion kWh. 

The increase in effectiveness of LESTO group determine growing EBITDA margin
(Earnings Before Interest, Taxes, Depreciation and Amortization) - during the
nine months of 2013 it was 19.86 % when in the same period of 2012 - 17.84 %.
EBITDA of the group increased by 18.7 % comparing with the nine months of 2012
and reached 355.33 million LTL. 

„More efficient activities of the company improved the financial results of the
group. First of all, on time performed targeted investments have declined
technological losses in the distribution network - totaled to 7 % in the
reporting period. Optimized business processes and new technologies have
allowed LESTO to reduce operating costs. The growing number of new customers
and the increasing volume of network service have expanded the company‘s
revenue and thus further improved the results“- states Aidas Ignatavičius, CEO
of LESTO. 

During the nine months of 2013, 32 % of electricity network service volume was
allocated to residents. Industrial and service institutions consumed 28 % and
11 % of network service volume respectively. 

The value of LESTO group assets at the end of the reporting period made up 5.07
billion LTL. 

LESTO is one of the biggest companies by market capitalization in OMX Baltic
securities exchange market. 

LESTO is part of “Lietuvos energija”, UAB, group.

This notice is deemed non-confidential.


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

Attachments:

LESTO_IIIq_EN.pdf