Rytu Skirstomieji Tinklai AB - Notification on material event

The extraordinary general shareholders meeting was convened on 8 July 2008

On 8 July 2008, an extraordinary shareholders' meeting of Rytų Skirstomieji
Tinklai AB held at 2 p.m. passed the following decisions: 
1) To recall the current Supervisory Board of Rytų Skirstomieji Tinklai AB and
to establish that the powers thereof are terminated as from the commencement of
activities of a new Supervisory Board of Rytų Skirstomieji Tinklai AB. 
2) To elect the following persons to the Supervisory Board of Rytų Skirstomieji
Tinklai AB: Andrius Šimkus, Vidmantas Grušas, Algimantas Zaremba, Darius
Kašauskas ir Mario Nullmeier; 
3) To establish that the new Supervisory Board of Rytų Skirstomieji Tinklai AB
will commence activities as from the date of election thereof by the
shareholders' meeting of Rytų Skirstomieji Tinklai AB. 
On the same date, a meeting of the Supervisory Board of Rytų Skirstomieji
Tinklai AB held at 3 p.m. passed the following decisions: 
1) To elect Andrius Šimkus chairman of the Supervisory Board of Rytų
Skirstomieji Tinklai AB. 
2) To recall the current Board of Rytų Skirstomieji Tinklai AB and to establish
that the powers thereof are terminated as from the commencement of activities
of a new Board of Rytų Skirstomieji Tinklai AB. 
3) To elect the following persons to the Board of Rytų Skirstomieji Tinklai AB:
Gintautas Mažeika, Valdas Bancevičius ir Vytenis Kudinskas; 
4) Not to elect a fourth member of the Board of Rytų Skirstomieji Tinklai AB. 
5) To establish that the new Board of Rytų Skirstomieji Tinklai AB will
commence activities as from the adjournment of the meeting of the Supervisory
Board of Rytų Skirstomieji Tinklai AB that elected the Board. 
On the same date, a meeting of the Board of Rytų Skirstomieji Tinklai AB held
at 3:30 p.m. passed the following decisions: 
1) To elect Gintautas Mažeika chairman of the Board of Rytų Skirstomieji
Tinklai AB. 
2) To recall the Chief Executive Officer of Rytų Skirstomieji Tinklai AB. 
3) To elect Gintautas Mažeika new Chief Executive Officer of Rytų Skirstomieji
Tinklai AB. 


Jonas Sargautis
Headt of the Assets Management Division
(+370~5) 251 2666