LITGRID - Notification on material event

Convocation of Ordinary General Meeting of Litgrid Shareholders

Vilnius, Lithuania, 2015-03-31 19:41 CEST (GLOBE NEWSWIRE) -- On the initiative
and upon decision of the Board, taking into account proposals from the
Supervisory Council, Litgrid (company code 302564383, registered office address
A. Juozapavičiaus g. 13, Vilnius) calls ordinary meeting of Litgrid
shareholders on April 24, 2015, at 10.00 am. The meeting will take place in
company Room 226, A. Juozapavičiaus g. 13, Vilnius. The registration of
shareholders starts on April 24, 2015, at 9.30 a.m. The registration of
shareholders ends on April 24, 2015, at 9.55 a.m. <span style="font-size:11pt;">The record date of the ordinary general meeting
of shareholders has been set for April 17, 2015. The right of participation and
voting in the ordinary general meeting of shareholders can be exercised only by
the persons who remain shareholders of Litgrid by the end of the record date of
the ordinary general meeting of shareholders.</span><span style="font-size:11pt;">The record date of rights of the ordinary general
meeting has been set for May 11, 2015. The shareholders‘ property rights
provided for in Article 15 (1) Items 1-4 of the Law of Companies of the
Republic of Lithuania will be exercised only by the persons who remain the
company shareholders at the end of the record date of the rights of the
meeting.</span><span style="font-size:11pt;">Agenda of the general meeting of shareholders
and proposed draft decisions:</span><strong style="font-size: 11pt;">1.   <strong style="font-size: 11pt;">Approval
of the consolidated annual report of<span style="font-size:11pt;"></span><strong style="font-size: 11pt;">2014. 

Proposed decision:

“To approve the Consolidated Annual Report on Corporate and the Litgrid Group
of Companies Operation in 2014.” 

2.   Presentation of an independent auditor's findings.

The issue does not require decisions.<strong style="font-size: 11pt;">3.   Approval of the set of Consolidated and
Corporate Financial Report 2014<strong style="font-size: 11pt;">. 

Proposed decision:

“To approve the set of Consolidated and Corporate Financial Report of Litgrid
2014". 

4.   <strong style="font-size: 11pt;">Distribution of corporate profit (loss)<strong style="font-size: 11pt;">2014. 

Proposed decision:

“To approve the proposed distribution of corporate profit (loss) of Litgrid
2014.” 

5.   Audit company selection and setting terms of payment for the audit
services of Litgrid 2015. 

Proposed decision:<span style="font-size:11pt;">Select the audit company UAB
PriceWaterhouseCoopers for auditing financial reporting of Litgrid 2015 and set
the maximum remuneration EUR 19,210.00 (nineteen thousand two hundred and ten),
VAT exclusive, payable in 30 (thirty) days after the date of VAT
invoice.</span>

6.   Election of new member of the Supervisory Council

Proposed decision:

“To elect [given name, family name] as the member of the Supervisory Council of
Litgrid for the remaining term of office from April 25, 2015 

Considering that the agenda of the ordinary meeting of shareholders involves
the issue on the election of a member of the Supervisory Council, and based on
the Law of Companies of the Republic of Lithuania Article 25 Part 2, the
shareholders of the company are invited to propose candidates to the members of
the Supervisory Council of Litgrid. <span style="font-size:11pt;">The shareholders can get familiar with the
documents related to the agenda of the meeting, draft decisions and general
ballot paper on work days, in the premises of Litgrid, at A. Juozapavičiaus St.
13, Vilnius, Room 141, during the office hours of the company (from 7.30 a.m.
to 11.30 a.m. and from 12.15 p.m. to 4.30 p.m., on Fridays from 7.30 a.m. to
11.30 a.m. and from 12.15 a.m. to 3.15 p.m.). These documents and other
information that should be published in accordance with the law relating to the
shareholders' right to propose to supplement the agenda of the meeting, propose
draft decisions with respect to the items of the agenda and the shareholders'
right to submit questions in advance to the company with respect to the items
of the agenda of the meeting shall also be placed on the company's website at</span>http://www.litgrid.eu<span style="font-size:11pt;">.</span><span style="font-size:11pt;">If a shareholder holding voting rights or a proxy
duly authorised thereby makes a request in writing, the Company shall develop
and send by registered mail, not later than within 10 days prior to the general
meeting of shareholders, the general ballot paper or shall hand it to the
shareholder personally against the signature thereof. The general ballot right
is also available on the Company's website at </span>http://www.litgrid.eu<span
style="font-size:11pt;">. A filled-out and signed general ballot paper and a
document attesting the right to vote may be sent to the Company by registered
mail or delivered to the Company at its address at A. Juozapavičiaus St. 13,
Vilnius, not later than by the end of the working day (4.30 p.m.) of April 23,
2015.</span><span style="font-size:11pt;">The Company shall have the right to refuse to
include the advance voting of the shareholder or a proxy thereof if the general
ballot paper submitted does not comply with the requirements laid down in
Article 30(3) and 30 (4) of the Law on Companies of the Republic of Lithuania,
has been provided late or has been filled out in a way that makes it impossible
to identify the actual will of the shareholder with respect to the questions at
stake.</span><span style="font-size:11pt;">A person taking part in the general meeting of
shareholders and having the right to vote shall present a document certifying
his or her identity prior to the end of registration of shareholders to the
general meeting of shareholders. A person who is not a shareholder shall, apart
from a document certifying his or her identity, also present a document
attesting his or her right to vote in the meeting.</span><span style="font-size:11pt;">Persons may vote in a general meeting of
shareholders by proxy. A proxy holder shall have the same rights in the general
meeting of shareholders as a shareholder represented by him or her unless it is
provided for otherwise in the proxy. A proxy issued outside of Lithuania should
be translated into Lithuania and shall correspond to the legal requirements
laid down in the procedure established by law. The Company shall not establish
a special form of a proxy.</span>

The shareholders who have the right to take part in the general meeting of
shareholders shall have the right to authorise a natural or a legal person to
take part and vote in their name in the general meeting of shareholders. This
proxy shall not be certified by a notary. The Company shall acknowledge the
proxy issued by electronic means of communication only in case where the
shareholder signs it using an electronic signature created in a way of safe
signature formulation software and approved by the appropriate certificate
valid in the Republic of Lithuania, i.e. if the safety of transmitted
information is ensured and the shareholder's identify can be detected. The
shareholder is obliged to notify the Company in writing about the proxy issued
by the means of electronic communication sending it by email at info@litgrid.eu
not later than till the end of the working day (4.15 p.m.) of April 23, 2015. <span style="font-size:11pt;">The means of electronic communication will not be
used for participation and voting in the general meeting of
shareholders.</span><span style="font-size:11pt;">Attachments:</span>

1. Auditor's findings<span style="font-size:11pt;">2. Set of Consolidated and Corporate Financial
Report 2014</span>

3. Consolidated Annual Report 2014

4. Draft Paper on Distribution of Corporate Profit (Loss) 2014

5. General Ballot






         Vilija Railaitė
         Litgrid Head of Communications
         Tel. +370 613 19977
         E-mail: vilija.railaite@litgrid.eu

Attachments:

General ballot.docx

Pelno nuostoliu paskirstymo projektas 2014 EN.pdf

Litgrid 2014 EN.pdf