Lietuvos energijos gamyba, AB - Notification on material event

On adopted Resolution of the Court

Elektrėnai, Lithuania, 2016-12-06 08:00 CET (GLOBE NEWSWIRE) -- Lietuvos
Energijos Gamyba, AB, company code 302648707, registered office at Elektrinės
st. 21, Elektrėnai (hereinafter referred to as the Company). The total number
of registered ordinary shares issued by company is 635 083 615, ISIN code –
LT0000128571. 

Company informs that on 5 December, 2016 Vilnius Regional Administrative Court
(the Court) satisfied Company’s claim and dismissed Resolution No O3-941 of 19
December 2014 of the National Commission for Energy Control and Prices (the
Commission) “On the amendment of Resolution No O3-840 of 17 October 2014 of the
National Commission for Energy Control and Prices “On the establishment of the
funds and the price of services of general interest for 2015” (the Resolution)
(provisions No. 2, 4 and 5). 

The Company would like to remind that the Commission by this Resolution decided
to reduce the funds for the Company for 2015 for the provision of the public
service obligation (PSO) – the production of electricity, which is vital for
ensuring the security of electricity supply. During 2015 total amount of 5.4
million EUR of PSO funds was not recognized as revenue in the Company’s
statement of comprehensive income. 

This decision of the Court is not final and subject to appeal.


         Valentas Neviera, Head of Corporate Communication Division, tel. +370
670 25997, e-mail. valentas.neviera@le.lt