LESTO - Notification on material event

Regarding the Chairman of the Board and General Manager resignation from AB LESTO and AB Energijos Skirstymo Operatorius

LESTO AB (hereinafter - LESTO, Company), identification code 302577612,
registered office placed at Aguonų str. 26, Vilnius, Republic of Lithuania. The
total number of registered ordinary shares issued by company is 603 944 593;
ISIN code LT0000128449. 

The company informs that on 8 December 2015 LESTO received a notification from
the Chairman of the Board and General Manager Aidas Ignatavičius regarding the
Board of UAB Vilniaus Vandenys (legal entity code 120545849) decision to elect
him as the Chief Executive Officer of UAB Vilniaus Vandenys. Due to this, Aidas
Ignatavičius presented a notification regarding his resignation from Chairman
of the Board and General Manager positions of LESTO and AB Energijos skirstymo
operatorius since January 1, 2016. 

"Leading the company Vilniaus Vandenys I accept as a new challenge. I am
convinced that my diverse experience in the group of energy companies Lietuvos
energija will contribute to the goal of Vilniaus Vandenys to ensure more
transparent and efficient company operations as well as even more convenient
services for the residents of Vilnius. I am leaving the energy sector having
delivered the goals, that were set: LESTO is ready to merge with Lietuvos
dujos, management team of Energijos Skirstymo Operatorius (ESO) is formed and
approved and it will continue to pursue the strategic projects ", - said Aidas
Ignatavičius. 

Chairman of ESO Supervisory Board Dr. Dalius Misiūnas says that strategic
reforms implemented in LESTO in recent years have made it possible to achieve
significant results. 

"Both customer satisfaction and electricity distribution network reliability
improved significantly. I have no doubt that experience of Aidas Ignatavičius
in Lietuvos Energija group of energy companies and his competencies will
contribute to the goal of Vilniaus Vandenys to become efficiently managed and
customer oriented company. We are pleased that Aidas Ignatavičius will continue
to work for the service-delivering company, with which we see opportunities for
cooperation", - said D. Misiūnas. 

The last working day of LESTO Chairman of the Board and General Manager is
December 31 2015. 

"Meanwhile, in agreement with the Nomination and Remuneration Committee and the
Supervisory Board of Lietuvos Energija, we will make decisions and inform
regarding new appointment CEO of ESO", - said D. Misiūnas. 

The company notes that on 3 December 2015 in the extraordinary general
shareholders' meetings of LESTO and public limited liability company Lietuvos
Dujos decisions to reorganize these companies by merger, establishing AB
Energijos Skirstymo Operatorius. At the same day the Supervisory Board and the
Board of the AB Energijos skirstymo operatorius decided to elect Aidas
Ignatavičius as the Chairman of the Board and Managing director of AB Energijos
Skirstymo Operatorius. 


         Representative for Public Relations Martynas Burba, Tel. No (8~5) 251
4516.