LITGRID turtas AB - Notification on material event

Income of LITGRID Turtas AB May Reach LTL 900 Million in 2010

Vilnius, Lithuania, 2011-01-11 12:35 CET (GLOBE NEWSWIRE) -- On January 10,
2011 Mr. Virgilijus Poderys, Chief Executive Officer of LITGRID Turtas AB,
presented the company activity and ongoing strategic projects to the investor
community. In his presentation about the energy sector reform, by the end of
which LITGRID AB and LITGRID Turtas AB will be merged, Mr. Virgilijus Poderys
forecast that the company income in 2010 may reach LTL 900 million. 

The return on equity in utilities sector companies ranges from 6 per cent in
developed markets to 9 per cent in rising markets. Comprehensive financial
indicators of the company will be announced in spring upon their approval by
shareholders in the general meeting. 


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