Kauno Energija AB - Notification on material event

General meeting of JSC “Kauno energija” shareholders and decisions projects

By the initiative of the main company's shareholder, Kaunas city municipality,
and by the decision of company's Management Board on 23 July, 2009 13 p.m. the
shareholders meeting of JSC “Kauno energija” (code of enterprise 235014830,
address Raudondvario pl. 84, Kaunas), general meeting will be held in  the
company's hall (first floor, Raudondvario pl. 86A, Kaunas). Registration for
shareholders is from 12.20 p.m. till 12.50 p.m. The account day of shareholders
meeting is 16 July, 2009. 
Shareholders meeting agenda and decisions projects:
1. Agenda question - increasing of JSC “Kauno energija” authorized capital.
Decision project:
1.1 To increase authorized capital of joint stock company „Kauno energija“ up
to 136 200 000 LTL (39446246,52 EUR) (from 119 510 292 LTL (34612572,98 EUR) up
to 255 710 292 LTL (74058819,51 EUR) by issuing 22 700 000 ordinary registered
6 LTL (1,74 EUR) nominal value of shares, the issue price equal to the nominal
value; 
1.2 To cancel the priority right for all shareholders to acquire newly issued
22 700 000 (twenty two million seven hundred thousand) units ordinary named 6
(six) LTL (1,74 EUR) nominal value shares of joint stock company „Kauno
energija“, nominal value of shares, the issue price equal to the nominal value.
The right to purchase these shares has budget office of Kaunas city
municipality, code 111106319, Laisvės al. 96, Kaunas. Then JSC “Kauno energija”
can take over buildings and civil engineering works (Collector) - tunnels,
which belong to Kaunas City municipality; 
1.3 To agree that Kaunas city municipality acquires joint stock company's"Kauno energija” released 22 700 000 (twenty two million seven hundred
thousand) units ordinary named 6 (six) LTL (1,74 EUR) nominal value of shares,
the issue price equal to the nominal value, for a contribution of Kaunas city
municipality owned engineering structures (collectors) - tunnels (property
assessors set the value of the assets - 136 200 000 LTL) to JSC “Kauno
energija” 
2. Agenda question - Concerning the change of JSC "Kauno energija" regulations.
Decision project:
To change the regulations of joint stock company „Kauno energija“ setting out
their new version and to authorize general director of joint stock company
„Kauno energija“ to sign the changed regulations of joint stock company „Kauno
energija“. 
3. Agenda question - The selection of the Audit Company and terms of payment
for audit services. 
Decision project:
To select JSC ”PricewaterhouseCoopers“ Ltd. to do the audit of joint stock
company's „Kauno energija“ financial statements for the financial year 2009, as
well as determine that payment for audit services for the financial year 2009 -
55 000 LTL (15929,10 EUR) excluding VAT. The payment should be done in 30 days
after singing the service acceptance-transfer certificate. 
All participants in the shareholders meeting and having the right to vote have
to present the document which testifies the identity of the participant. The
authorized person of the shareholder must present the original power of
attorney in the form and content foreseen by the law. 
Since 1 July, 2009 shareholders can get acquainted with the company‘s documents
related to the agenda of shareholders meeting and decisions projects of the
meeting by coming to the company - Raudondvario pl. 84, Kaunas or in the
webpage of the company (http://www.kaunoenergija.lt). 

Jovita Sereikienė
Head of Asset Management Department
+370 37 305664