Kauno Energija - Notification on material event

Regarding a convocation of the Extraordinary General Meeting of AB Kauno Energija shareholders

Under initiative of the main shareholder - Kaunas city municipality represented
by Director of Kaunas City Municipality Administration the Extraordinary
General Meeting of AB Kauno Energija (code of enterprise - 235014830, address -
Raudondvario av. 84, Kaunas) shareholders is convoked on the 2nd of October,
2015. 

The date of meeting is the 2nd of October, 2015, Friday. The meeting begins at
1 p. m. The place of the meeting is Company's hall, Raudondvario av. 86A,
Kaunas, Lithuania. Registration of shareholders begins at 12.30 p.m. 

The agenda of the Extraordinary General Meeting of shareholders and the
announced decisions projects: 

1. Regarding purchase of Palemonas settlement heat economy.

The decision project is to purchase Palemonas settlement heat economy, which is
situated in the territory of Kaunas city municipality for the price, bargained
with UAB Fortum Heat Lietuva and the other terms of acquisition and to
accomplish procedures of acquisition of Palemonas settlement heat economy,
after the additional approval from the main shareholder of AB Kauno Energija -
Director of Kaunas City Municipality Administration will be obtained. 

The AB Kauno Energija shall not provide the possibility to participate and vote
in the Meeting using electronic communication channels. 

The account date of the Extraordinary General Meeting of Shareholders - the
25th of September, 2015. Shareholders that own AB Kauno Energija shares as at
the end of the working day of the 25th of September, 2015, shall have the right
to participate in convened Extraordinary General Meeting. 

AB Kauno Energija share capital is divided into 42,802,143 (forty-two million
eight hundred and two thousand one hundred forty three) ordinary registered
shares. All of these shares carry the right to vote with their shareholders. 

The person participating in Extraordinary General Meeting of Shareholders must
submit an identity document. A person, who is not a shareholder, also must
submit a document confirming the right to vote at the Extraordinary General
Meeting of Shareholders along with this document. The authorized person at the
Extraordinary General Meeting of Shareholders shall have the same rights as it
should represent by the shareholder. Shareholder's right to attend the
Extraordinary General Meeting of Shareholders also include the right to ask
questions. 

Please be informed that shareholders, who are entitled to participate at the
Extraordinary General Meeting of Shareholders, own the right to authorize by
electronic means physical or legal person to attend and vote on behalf of them
at the Extraordinary General Meeting of Shareholders. Power of attorney that is
issued by the shareholder must be submitted by e-mail
j.rinkeviciute@kaunoenergija.lt not later than till the end of the working day
of the 1st of October, 2015 (4.30 p. m.). 

Please be informed that, on decisions which are included into agenda of the
Extraordinary General Meeting of Shareholders can be voted in written by
completing the general ballot paper. If the person who had completed the
general ballot paper is not a shareholder, the completed general ballot paper
must be accompanied by a document confirming the right to vote. The duly
completed general ballot paper (voting bulletin) should be sent by mail or
delivered directly to the Company's office at Raudondvario av. 84, room 203,
Kaunas till the 2nd of October, 2015 (12 a.m.). The Company reserves the right
not to include in the shareholder vote early, if the general ballot paper does
not meet the third and fourth parts of the 30 Article of Law on Companies
requirements or the general ballot paper is written in a way that it is
impossible to establish shareholder‘s will on a separate issue. 

The agenda of the Extraordinary General Meeting of Shareholders may be
supplemented by initiative of shareholders who own shares no less than 1/20 of
all the votes. Proposals to the agenda of the Extraordinary General Meeting of
Shareholders may be submitted by mail or delivered to the Company's
representative office at Raudondvario av. 84, room 203, Kaunas not later than
until the 17th of September, 2015. 

Please be informed that, along with a proposal to supplement the agenda of the
Extraordinary General Meeting of Shareholders must be submitted the drafts of
proposed decisions, or if the decisions shall not be adopted, explanations on
each of the proposed issue. 

Please be informed that, shareholders who own shares no less than 1/20 of all
votes own the right at any time before the Extraordinary General Meeting of
Shareholders or during the meeting in writing or by mail propose new draft
decisions related to the questions included into agenda. 

Shareholders own the right to ask questions concerning agenda of the
Extraordinary General Meeting of Shareholders that will take place on the 2nd
of October, 2015. Questions may be submitted by e-mail
j.rinkeviciute@kaunoenergija.lt or delivered directly to the Company's office
at Raudondvario av. 84, room 203, Kaunas, not later than till the end of the
working day of the 24th of September, 2015 (4.30 p. m.). 

Starting from the 11th  of September, 2015 shareholders can get acquainted with
the company‘s documents related to the agenda of shareholders meeting and
decisions projects of the meeting and information relating to shareholders'
rights by coming to the company - Raudondvario av. 84, room 203, Kaunas or in
the website of the company (http://www.kaunoenergija.lt). 


         Loreta Miliauskienė, Head of the Economics and Planning Department,
tel. +370 37 305 855

Attachments:

VOTING BULLETIN 2015.10.02 EN.doc