LITGRID AB - Notification on material event

LITGRID AB Obliged to Implement Activity Separation Plan by 1 October

Vilnius, Lithuania, 2012-04-06 14:31 CEST (GLOBE NEWSWIRE) -- Lithuanian
electricity transmission system operator Litgrid has been obliged to carry out
all the necessary activities in order to implement the provisions of the Law on
Electricity regarding the unbundling of electricity transmission activity from
the vertically-integrated company group by 1 October 2012. The National Control
Commission for Prices and Energy (NCCPE) has indicated that the electricity
transmission network operator has to be unbundled according to the requirements
of the European Union's Third Energy Package. Litgrid's controlling interest is
currently held by the vertically-integrated group of Visagino Atominė Elektrinė
UAB. 

Last week, Litgrid presented the NCCPE with a detailed action plan for the
unbundling of the company from the vertically-integrated company group. The
plan specifies the procedure for the unbundling of activities of Lithuanian
electricity transmission system operator Litgrid from Visagino Atominė
Elektrinė UAB company group. 

Litgrid is the Lithuanian electricity transmission system operator, managing
electricity transmission, maintaining electricity production and consumption
balance, ensuring renewable energy source integration in the transmission
system, and providing public obligation services. Litgrid is implementing the
strategic national energy projects, including international electricity
interconnections NordBalt and LitPol Link, and is responsible for the national
energy system's development and full-fledged integration into the common
European electricity network and the continental European electric energy
system. 


         Vilija Railaitė
         Head of Communications
         Phone +370 5278 2361
         Mobile +370 613 19977
         E-mail vilija.railaite@litgrid.eu