Lietuvos Energija AB - Notification on material event

Regarding information, published in the media

On October 12, 2009 the media published information on business perspectives of
Lietuvos Energija AB. 
Lietuvos Energija AB had announced that during the extraordinary shareholders
meeting of Lietuvos Energija AB, held on September 8, 2009 a resolution on
allowing the establishment of daughter companies was reached, one of which will
perform electricity transmission, the other - electricity supply activity. 

The company confirms that these activities are conducted with regard to
Directive of the European Parliament and of the Council approved on July 13,
2009 concerning common rules for the internal market in electricity. According
to this Directive, the transmission system operator must be independent from
the activities of another energy enterprise, i.e. the control of transmission
system must be separated from generation and supply: in this way are unbundled
activities unrelated with electricity transmission. The directive stipulates
that the EU members are allowed to choose among three unbundling alternatives
of energy companies: full ownership unbundling, establishment of an independent
system operator or establishment of an independent transmission operator. The
activity of transmission grid has been unbundled from generation and supply
functions in most of the European Union countries.  Lietuvos Energija AB seeks
to prepare for any possible alternatives. The resolution regarding application
of a specific alternative will be adopted by the Government of the Republic of
Lithuania. The Ministry of Energy of the Republic of Lithuania is performing
functions in the field of energy state control assigned to it by laws and other
legal acts and is implementing the state policy in this field. 
Lietuvos Energija AB hereby notes that the information about company
resolutions, related to perspective plans of the company and resolutions
adopted by the company management will be published in accordance with
requirements of legal acts, prescribed for disclosure of such information. 

Aurelija Trakseliene
Head of Communications
Tel. +370 5 2782442
Email aurelija.trakseliene@lpc.lt