Lietuvos Energija AB - Notification on material event

Agenda of Convened Extraordinary General Meeting of Shareholders Amended and Draft Resolutions Approved

The Management Board of the joint stock company Lietuvos Energija AB (company
code 220551550) has convened an extraordinary general shareholders meeting to
be held on September 8, 2009 (Lietuvos Rytas, Issue of August 7, 2009 No. 180
(5642)). The meeting will be held at the following address: A. Juozapavičiaus
g. 13, Vilnius, Conference Hall. The beginning of the meeting - at 10:00 a.m.
The registration date of the extraordinary general meeting is September 1,
2009. 
On August 12, 2009 the Management Board of Lietuvos Energija AB resolved to
amend the agenda of the extraordinary general shareholders meeting by adding
Item 4, “Regarding investment into Kaunas HPP and Kruonis PSP and amendment of
assignment to draft unbundling conditions” and approved the following draft
resolutions of the extraordinary general shareholders meeting: 

1.	Revision of Lietuvos Energija AB articles of association.

The following draft resolution is proposed: 
1. To approve the revision of Lietuvos Energija AB articles of association. 
2. To authorize Mr. Aloyzas Koryzna, Chief Executive Officer of Lietuvos
Energija AB, to sign the revised Articles of Association of Lietuvos Energija
AB. 
3. To authorize (with a right of re-authorization) Mr. Aloyzas Koryzna, Chief
Executive of Lietuvos Energija AB to register the revised Articles of
Association of the Company in the Register of Legal Persons of the Republic of
Lithuania as prescribed by laws. 

2.	Establishment of  subsidiaries of Lietuvos Energija

The following draft resolution is proposed: 
1. To approve the resolution of the Management Board of Lietuvos Energija on
establishment of two subsidiaries of Lietuvos Energija AB: 
1.1. Independent supplier of electricity aiming to engage into the activity of
independent electricity supplier from October 1, 2009. 
1.2. The transmission system operator aiming to engage into electricity
transmission activity from January 1, 2010. 
2. To approve the resolution of the Management Board of Lietuvos Energija on
investment of up to 1/20 of Lietuvos Energija AB share capital into the newly
established subsidiaries of Lietuvos Energija AB. 

3.	Regarding the use (rental) of electricity transmission equipment

The following draft resolution is proposed: 
To approve the resolution of the Management Board of Lietuvos Energija AB to
provide the subsidiary of Lietuvos Energija AB, holding a license of
electricity transmission activity, with the company's noncurrent assets used in
the electricity transmission activity (including the noncurrent assets, the
balance value of which exceeds 1/20 of Lietuvos Energija AB share capital) for
their use (rental). 

4. Regarding amendment of investment into Kaunas HPP and Kruonis PSP and 
assignment to prepare conditions for unbundling 

The following draft resolution is proposed: 
To approve the additional investments:
a) into the non-current assets of Kaunas HPP scheduled for unbundling,
requisite for continuation of rehabilitation of Kaunas HPP, not exceeding LTL
3720 thousand and 
b) investments into non-current assets of Kruonis PSP, scheduled for
unbundling, requisite for ensuring of Kruonis PSP operation, not exceeding LTL
690 thousand in investments. 
To assign the company's Management Board, while preparing unbundling conditions
under resolution dated December 4, 2008 adopted by extraordinary general
shareholders meeting “Unbundling of Branch companies Kruonis PSP and Kaunas HPP
from Lietuvos Energija AB” to discuss allocation and compensation of assets,
rights and obligations, acquired under investments, implemented before the
completion of unbundling.” 

Financial controller 
Financial planning and treasury Division
Rimantas Sukys, +370 5 2782315