Amber Grid - Notification on material event

Re: Transmission System Operator‘s operational independence and activity unbundling requirements

On 22 April 2016, the National Commission for Energy Control and Prices
(hereinafter – the Commission) in view of the fact that within the statutory
12-month period third parties had failed to comply with the AB Amber Grid's
certification condition imposed by the Commission regarding the transfer of
shares of UAB Litgas held by AB Klaipėdos Nafta to an economic entity that is
neither directly or indirectly controlled by the Ministry of Energy of the
Republic of Lithuania, issued a statement that AB Amber Grid has been found
failing to comply with the Transmission System Operator's operational
independence and unbundling of activities criteria as enshrined in the Law on
Natural Gas, 

  -- obligated AB Amber Grid, within 2 months of the decision's entry into
     force, to take any necessary steps regarding the transfer of the shares of
     UAB Litgas held by AB Klaipėdos Nafta to an economic entity that is neither
     directly nor indirectly controlled by the Ministry of Energy of the
     Republic of Lithuania, and within 10 working days to submit to the
     Commission a respective Share Transfer Action Plan;
  -- recommended  to the Ministry of Energy of the Republic of Lithuania, to the
     Ministry of Finance of the Republic of Lithuania, to UAB EPSO-G, AB
     Klaipėdos Nafta, and UAB Litgas to take any necessary steps regarding the
     transfer of the shares of UAB Litgas held by AB Klaipėdos Nafta to an
     economic entity that is neither directly nor indirectly controlled by the
     Ministry of Energy of the Republic of Lithuania;
  --  warned AB Amber Grid that in case of the failure to fulfil the instruction
     within the time period as specified by the Commission, the Commission,
     acting in accordance with applicable provisions of the Law on Energy, may
     impose a fine of up to 10 percent of AB Amber Grid‘s annual income of last
     financial year from the regulated natural gas transmission activity.

The individual authorised by AB Amber Grid (the issuer) to provide additional
information on the material event: 

Danas Janulionis

Head of Strategic Planning and External Relations Division

tel. +370 5 232 7747

fax +370 5 236 0850

e-mail: d.janulionis@ambergrid.lt