LITGRID AB - Notification on material event

LITGRID AB becomes Nord Pool Spot shareholder

Vilnius, Lithuania, 2012-08-01 13:34 CEST (GLOBE NEWSWIRE) -- The Lithuanian
electricity transmission system operator (TSO) LITGRID AB, today (1 August
2012) acquired a 2% share of Nord Pool Spot, Europe's largest power market. 

The Estonian TSO Elering today also acquired a 2% share of Nord Pool Spot. In
addition, it has been agreed that the right of the Latvian TSO, Augstsprieguma
Tīkls, to acquire a 2% share of Nord Pool Spot will be granted when the new
Latvian power market opens. 

Once all three Baltic TSOs are established as shareholders, existing
shareholders Statnett and Svenska Kraftnät will each hold 28.2% of Nord Pool
Spot, and Energinet.dk and Fingrid will both hold 18.8%. 

The parties signed a Memorandum of Understanding (MoU) on the purchase of
shares in Nord Pool Spot in April this year. 

The four Nordic TSOs see the extension of ownership to the Baltic TSOs as an
important and natural step in the further integration of the Baltic and Nordic
electricity markets. 

For the Baltic TSOs, part ownership of Nord Pool Spot is a strategic
investment. It will enable their participation in the decision-making process,
ensuring that the market interests of the respective Baltic countries are
discussed and accommodated. It also allows the Baltic TSOs to contribute to
Nord Pool Spot's corporate activities in developing the regional and European
power markets. 


         Vilija Railaitė
         Director of Corporate Affairs Department   Phone +370 5278 2361
         Mobile +370 613 19977
         E-mail vilija.railaite@litgrid.eu