Lietuvos Energija AB - Notification on material event

Regarding Convening of Extraordinary Shareholders Meeting of LIETUVOS ENERGIJA AB

On May 14, 2010 the Management Board of LIETUVOS ENERGIJA AB adopted a
resolution to convene an extraordinary general shareholders meeting of the
company on June 18, 2010, at 10:00 AM at the following address: A.
Juozapavičiaus g. 13, Vilnius. The Management Board ruled that June 11, 2010
shall be the date for the headcount of the shareholders of the extraordinary
general shareholders meeting of LIETUVOS ENERGIJA AB to be convened on June 18,
2010. The Management Board of LIETUVOS ENERGIJA AB approved the following
agenda and the proposed draft resolution of the extraordinary general
shareholders meeting of LIETUVOS ENERGIJA AB convened on June 18, 2010: 

„1. Regarding the preparation of conditions for separation of LIETUVOS ENERGIJA
AB”. 

The following draft resolution is proposed: “1. To assign the Management Board
of LIETUVOS ENERGIJA AB the preparation of conditions for separation of
activities and assets, non-related to generation and supply, from LIETUVOS
ENERGIJA AB”. 

A shareholder or its authorized person shall have a right to vote in advance in
writing by filling a general voting ballot. If the shareholder, holding a right
of vote or its duly authorized representative demands so in writing, the
company shall prepare and not later than 10 days prior to the ordinary general
shareholders meeting shall send a general voting ballot by registered mail or
shall present it in person and confirm the receipt by signature. The general
voting ballot is also available at the website of the company http://www.le.lt,
folder “Akcininkams“. The filled and signed general voting ballot and the
document, confirming the right of vote may be presented to the company by
registered mail or handed over directly at the premises of the company with the
address A. Juozapavičiaus g. 13, Vilnius, not later than by the end of the
office hours (16:30) of June 17, 2010. 

The company retains the right not to register the advance vote of the
shareholder or its authorized person, if its presented general voting ballot is
not compliant with requirements, set forth in Parts 3 and 4, Article 30 of the
Law on Joint-stock Companies of the Republic of Lithuania, its presentation is
overdue or it is filled in the manner whereby ascertaining of the actual will
of the shareholder is impossible. 

The persons at the general shareholders meeting shall have a right to vote by
power of attorney. The power of attorney is deemed a written document, issued
by one person (issuer of power of attorney) to another person (the recipient of
power of attorney) to represent the issuer of power of attorney while
contacting third persons. The power of attorney on behalf of a physical person
to perform actions, related to legal persons, except for cases prescribed by
law, allowing issuance of the power of attorney in another form, shall be
signed by the notary. The authorized persons shall have a document, confirming
the identity of the person and the power of attorney, approved as prescribed by
law, which shall be presented not later than by the finishing time of the
shareholders registration of the general shareholders meeting. The authorized
person has the same rights at the general shareholders meeting as would be had
by the shareholder who is being represented. 

The shareholders, holding a right to participate at the extraordinary general
shareholders meeting, shall have a right to authorize by means of electronic
communications a physical or legal entity to take part or cast vote on their
behalf at the general shareholders meeting.  Such authorization shall not
require notary approval. The company shall deem valid the authorization issued
by electronic means only provided that the shareholder signs it by an
electronic signature, generated by a secure signature-generating software and
attested qualified certificate, valid within the Republic of Lithuania, i.e.
the security of the transmitted information is ensured and a possibility of
identification of the shareholder is provided. The shareholder shall inform in
writing the company about such authorization, issued by electronic means, by
sending such notification by email at info@lpc.lt not later than end of office
hours (16:30) of June 17, 2010. 

At the general shareholders meeting there will be no participation or voting by
electronic means. 

Sigitas Baltuška
Head of Communications
AB "Lietuvos energija"
A. Juozapavičiaus g.13
LT-09311 Vilnius
T. +370 5 278 2442
sigitas.baltuska@lpc.lt
www.le.lt