Lietuvos energijos gamyba, AB - Notification on material event

On adopted resolution of the court

Elektrėnai, Lithuania, 2014-09-24 08:59 CEST (GLOBE NEWSWIRE) -- “Lietuvos
energijos gamyba”, AB (company code 302648707, registered office at Elektrinės
st. 21, Elektrėnai, the Company), informs that on 23 September, 2014 Vilnius
Regional Administrative Court accepted the Company's appeal on the resolution
„On the results of electricity generation market inquiry“, dated 07/08/2014,
No. O3-757, of the National Commission for Energy Control and Prices. 

As it was stated in the Notification on material event of the Company, dated 7
August, 2014, by Resolution the National Commission for Energy Control and
Price declared the Company as an undertaking having significant power in
electricity generation market and placed obligations on the Company, starting
from 1 January, 2015, in relations to the application of the prices and
disclosure of the information on the regulated activities of the Company. 

As it was noted by the Company during the public consultations period on the
draft Resolution, the Company stated that the electricity generation market
inquiry is conducted under incorrect presumptions. Due to this, the decision to
declare the Company as an undertaking having significant power in electricity
generation market and related obligations should not be imposed on the Company 


         Person for contacts: Valentas Neviera, Head of Corporate Communication
Division, tel. +370 5 278 2908, e-mail: valentas.neviera@le.lt