2010-10-28 20:43:22 CEST

2010-10-28 20:45:09 CEST


REGULATED INFORMATION

Lithuanian English
Lietuvos Energija AB - Notification on material event

Resolutions Adopted During Extraordinary General Shareholders Meetings of October 28, 2010 of JSC LIETUVOS ENERGIJA and LITGRID Turtas AB 


On October 28, 2010 during the extraordinary general shareholders meeting of
the joint-stock company LIETUVOS ENERGIJA (legal entity code - 220551550, legal
status - joint-stock company, registered address: Elektrinės g. 21 Elektrėnai,
Vilnius, the Republic of Lithuania, data about the company are collected and
stored at Vilnius branch of VĮ Registrų Centras, Division of Registry of Legal
Entities), the following resolutions were adopted: 
1. Regarding spin-off of Lietuvos Energija AB.
 „1. Following the Law on the Joint-stock Companies of the Republic of
Lithuania, Article 17, Part 1, and Spin-off Conditions, to separate from
Lietuvos Energija AB a part of its activity, including the activities of
transmission system operator and electricity market operator, performed
directly by Lietuvos Energija AB and indirectly via its subsidiary companies as
well as a part of information technologies activities and other activities in
the field of electricity sector, related to the activity of transmission system
operator, and on the basis of assets, rights and duties, assigned to this
spun-off part, to establish a single company of the same legal status - LITGRID
Turtas AB which after spin-off will perform activity transferred to it. 
 2. To approve spin-off conditions of Lietuvos Energija AB, following which,
through separation of a part of activity of Lietuvos Energija AB, under
conditions defined in the spin-off conditions,  LITGRID Turtas AB, a new
company of the same legal status, is established, which after spin-off will
perform activity transferred to it, and to which after spin-off, under
procedure established in the conditions, will be transferred a part of assets,
rights and duties of Lietuvos Energija AB, related to the part to be spun-off
(attached). 
 3. To approve the revised articles of association of Lietuvos Energija AB,
which will continue its activity after spin-off (attached). To authorize Mr.
Aloyzas Koryzna, Chief Executive Officer of Lietuvos Energija AB, to sign the
revised Articles of Association of Lietuvos Energija AB. 
 4. To approve articles of association of LITGRID Turtas AB, which after
spin-off will start its operation (attached). To authorize Mr. Vidmantas
Grušas, Chief Executive Officer of LITGRID AB, to sign articles of association
of LITGRID Turtas AB. 
 5. To authorize the Chief Executive Officer of Lietuvos Energija AB, under
procedure established by legal acts, to publicly announce, submit to the
notary, Register of Legal Entities and shareholders the spin-off conditions of
Lietuvos Energija AB and other necessary information and documents, as well as
to perform, under procedure established by legal acts, all necessary actions
regarding the registration of changed articles of association of Lietuvos
Energija AB and regarding registration of LITGRID Turtas AB in the Register of
Legal Entities, also to perform all other actions, related to the
implementation of this decision and spin-off of Lietuvos Energija AB, by
endowing the Chief Executive Officer of Lietuvos Energija AB with a right to
re-authorize other persons for the performance of actions indicated in this
resolution at full scope. 
On October 28, 2010, during the extraordinary general shareholders meeting of
LITGRID Turtas AB, which after the spin-off will continue its activity, the
following resolutions were adopted. 
1. Regarding election of the Management Board of LITGRID Turtas AB.
 „1. To appoint the below-listed persons for a 4 (four) year term to the
position of members of the Management Board of LITGRID Turtas AB, which after
spin-off will start activity: 
 1.1. Romas Švedas, personal code [not to be disclosed], address of residence
[not to be disclosed]; 
1.2. Violeta Greičiuvienė, personal code [not to be disclosed], address of
residence [not to be disclosed]; 
1.3. Renatas Šumskis, personal code [not to be disclosed], address of residence
[not to be disclosed]; 
1.4.Vidmantas Grušas, personal code [not to be disclosed], address of residence
[not to be disclosed]. 
 2. LITGRID Turtas AB, which after spin-off will start its activity, to appoint
Mr. Virgilijus Poderys, for a 4 (four) year term to the position of a member of
the Management Board, personal code [not to be disclosed], address of residence
[not to be disclosed], by defining that this resolution regarding appointment
of Virgilijus Poderys to the position of a member of the Management Board,
becomes effective on December 8, 2010.“ 

Further information on the resolutions adopted during the extraordinary
shareholders meetings of the joint-stock company LIETUVOS ENERGIJA and LITGRID
Turtas AB is available on the website of LIETUVOS ENERGIJA www.le.lt

Jūratė Kavaliauskaitė 
Head of Communications
Tel. +370 619 62019
E-mail:jurate.kavaliauskaite@lpc.lt