Lietuvos Energija AB - Notification on material event

Regarding information released today by media about the forecasted financial results of Lietuvos energija, AB.

Elektrėnai, Lithuania, 2011-08-03 17:32 CEST (GLOBE NEWSWIRE) -- LIETUVOS
ENERGIJOS GAMYBA, AB (former name - AB LIETUVOS ENERGIJA), a public company
organised and operating under the Lithuanian law, business ID 220551550,
registered office address Elektrinės g. 21, Elektrėnai (hereinafter referred to
as the “Company”), data on the Company being collected and stored in the Legal
Persons' Register, hereby specifies information released today by media about
the forecasted financial results of Lietuvos energija, AB. 

The statements that the overall financial result of Lietuvos energija, AB will
be negative this year are unfounded and have been released without taking into
consideration all circumstances that influence performance and financial
results of Lietuvos energija, AB. The financial results of the electricity
production activities of Lietuvos elektrinė, which has become part of Lietuvos
energija, AB, are negatively influenced by fluctuating fuel (gas and fuel oil)
prices, since the actual production cost price does not correspond to the
electricity production cost price approved by the National Control Commission
for Prices and Energy. However, the activities of Lietuvos energija, AB cover
electricity production in Kruonis Pumped Storage Plant and Kaunas Hydroelectric
Power Plant. Moreover, the Company provides systemic services and engages into
electricity trade and supply as well as import and export activities. This
year, the overall financial result of Lietuvos energija, AB will depend on the
financial indicators of all types of activities. Information about performance
results of Lietuvos energija, AB will be published at the procedure prescribed
by legal acts. 




         Jūratė Kavaliauskaitė
         Head of Communications, Lietuvos energija, AB
         Phone: +370 619 62019
         E-mail: jurate.kavaliauskaite@lpc.lt