Lietuvos Dujos AB - Notification on material event

On convening of the Extraordinary General Meeting of Shareholders of AB Lietuvos Dujos

Vilnius, Lithuania, 2014-01-09 09:38 CET (GLOBE NEWSWIRE) -- On the initiative
of the  Ministry of Energy of the Republic of Lithuania - the shareholder of AB
Lietuvos Dujos (Company code 120059523, the address of the head office: Aguonų
g. 24, LT-03212 Vilnius, the Republic of Lithuania) (hereinafter referred to as
“the Company”) and by the decision of the General Manager of the Company, the
Extraordinary General Meeting of Shareholders of AB Lietuvos Dujos (hereinafter
referred to as “the Meeting”) will be convened on 30 January 2014 at 10.00 a.m.
at the head office of AB Lietuvos Dujos, Aguonų g. 24, LT-03212 Vilnius,
conference hall on Floor 2. 

Agenda of the Meeting proposed by the Ministry of Energy of the Republic of
Lithuania: 

1) Procedural issues (election of the chairman and the secretary of the
meeting, approval of the agenda of the meeting); 

2) Regarding the initiation of arbitration proceedings against OAO Gazprom
seeking to reduce the prices of gas supplied according to 16 December 1999 Gas
Supply Agreement No GLi-2000 (including all subsequent amendments and
supplements thereto) and obligation of the General Manager of the Company to
carry out all actions of initiation of the arbitration proceedings and actions
necessary for due conducting of such proceedings including purchase of legal
services as well as the authorisation for negotiation with OAO Gazprom with the
aim to improve the conditions of supply of gas to the Company. 

The registration of shareholders will start at 9.00 a.m., 30 January 2014.
The registration of shareholders will be stopped at 9.45 a.m., 30 January 2014.

The Record Date of the General Meeting of Shareholders: 23 January 2014.
Persons who are shareholders of the Company at the end of the Record Day (23
January 2014) are entitled to attend and to vote at the General Meeting of
Shareholders. 

A person attending the General Meeting of Shareholders and entitled to vote
shall present a document for proof of personal identity. A person who is not a
shareholder shall in addition present a document certifying his right to vote
at the General Meeting of Shareholders. 

The Company does not provide a possibility of participating in the General
Meeting of Shareholders and voting by using electronic means of communications. 

The General Manager of the Company by the decision of 8 January 2014 approved
the Agenda of the Extraordinary General Meeting of Shareholders, proposed by
the Ministry of Energy of the Republic of Lithuania. The Ministry of Energy of
the Republic of Lithuania proposed the following draft decisions: 

1) Procedural issues (election of the chairman and the secretary of the
meeting, approval of the agenda of the meeting); 

2) Regarding the initiation of arbitration proceedings against OAO Gazprom
seeking to reduce the prices of gas supplied according to 16 December 1999 Gas
Supply Agreement No GLi-2000 (including all subsequent amendments and
supplements thereto) and obligation of the General Manager of the Company to
carry out all actions of initiation of the arbitration proceedings and actions
necessary for due conducting of such proceedings including purchase of legal
services as well as the authorisation for negotiation with OAO Gazprom with the
aim to improve the conditions of supply of gas to the Company. 

Draft decision proposed by the Ministry of Energy of the Republic of Lithuania:

The General Meeting of Shareholders hereby decides to initiate the arbitration
proceedings against OAO Gazprom seeking to reduce the prices of gas supplied
according to 16 December 1999 Gas Supply Agreement No GLi-2000 (including all
subsequent amendments and supplements thereto). The General Manager of the
Company is obliged to carry out all actions of initiation of the arbitration
proceedings and actions necessary for due conducting of such proceedings
including but not limited to purchase of legal services, submission of the
notice to the arbitration court, drafting and filing the statement of claim and
all other necessary documents. The General Manager of the Company is also
authorised to conduct negotiations with OAO Gazprom with the aim to improve the
conditions of supply of gas to the Company. The arbitration proceedings shall
be suspended in case of reaching a favourable commercial agreement with OAO
Gazprom which would be approved by the Board of Directors of the Company. 

The shareholders may familiarize themselves with the draft decisions of the
General Meeting of Shareholders and the supplementary material thereof, also
with the implementation of the shareholders rights, on workdays from 2.00 p.m.
till 4.00 p.m. (on Fridays: till 3.15 p.m.) from 13 January 2014 at the head
office of the Company at Aguonų g. 24 Vilnius, tel. (+370 5) 236 0145. These
documents are also presented on the Central Database of Regulated Information
www.crib.lt and the website of the Company www.dujos.lt. 



Annexes:

1. General Ballot Paper of AB Lietuvos Dujos (.pdf)
2. Power of Attorney of AB Lietuvos Dujos (.pdf)
3. Shareholders Rights of AB Lietuvos Dujos (.pdf)

Authorised person:
Justinas Stašinskas
Head of Legal Division
tel. +370 5 236 0145

Attachments:

2014-01-09_shareholders_rights.pdf

2014-01-09_POWER_OF_ATTORNEY_TO_REPRESENT.pdf

2014-01-09_ballot_paper.pdf