Kauno Energija AB - Notification on material event

Regarding the obligation of the Securities Commission to declare a material event

On 16 August, 2010 JSC “Kauno energija” has received the decision of the
Securities Commission (the Commission) 12 August, 2010 No. 2K-157 “Regarding
the infringement case No. 12K-13“. By this decision Commission committed JSC
“Kauno energija” to immediately declare a material event, informing about: 
- that there is evidence that 2009 JSC “Kauno energija” Consolidated financial
statements and financial reports may not correspond with IAS 16 ”Property,
plant and equipment” provisions of Article 24; 
- the date when the company, under IAS 16 “Property, plant and equipment”
requirements of Article 24, tangible fixed assets received as a contribution in
non-monetary, evaluates at fair value and will publish about this issue. 

JSC “Kaunas energy” intends to appeal the decision 12 August, 2010             
      No. 2K-157 “Regarding the infringement case No. 12K-13“ to the Vilnius
District Administrative Court. 



Jovita Sereikienė
Head of Asset Management Department
+370 37 305664