VST AB - Notification on material event

Procedure for the payout of dividends for the year 2007

The Repeated Second Ordinary General shareholders meeting of VST, AB, held on
July 11, 2008, have decided to allocate the Company's profit for the year 2007
and to allocate of 620 611 296 LTL (179 741 455,05 EUR) to the payment of
dividends. 

The dividends to the shareholders of VST, AB should be paid in the amount of
166,92 LTL (48,34 EUR) per one ordinary registered share of the company. 

The right to receive dividends shall have those persons, which on the end of
the record date, i.e. on the end of July 25, 2008, shall be the shareholders of
VST, AB. The dividends to such persons should be paid according to the
paragraph 60 part 4 of the Lithuanian Republic Law on Companies, i.e. in one
month from the adoption day of the decision to pay dividends, payment being
made through the company's shareholders' issuer accountants and the company's
(issuer's) issuer accountant - AB bankas “Hansabankas”. 

Aidas Ignatavičius 
Chief Executive Officer 
Person for contacts: 
Rasa Kruopaitė-Lalienė
Manager Marketing and Public Relations
Phone + 370 5 278 1231