VST AB - Notification on material event

Information on the decision of the Board of VST AB regarding the reduction of distribution service price

The Board of VST AB on May 28, 2009 has adopted a decision regarding the
reduction of distribution service price. Starting from 1 July, 2009 the price
of distribution service should decrease by 1,43 cents. VST AB found the
possibilities to reduce the price of distribution service by reducing
expenditure and increasing efficiency of its activity. 
According to this, VST AB submitted the amended VST AB electricity power
prices, tariffs and their application instruction for the National Control
Commission for Prices and Energy . End-user prices for the first group of
consumers (domestic) will decrease by 2 ct/kWh (including VAT), for the second
and the third group of consumers - by 4,2 ct/kWh (excluding VAT). On average,
the price for all consumers will decrease by 4 ct/kWh (including VAT). 
VST AB notes, that information about confirmed particular electricity power
prices and tariffs, which will be applied from 1 July, 2009, will be announced
in accordance with the instructions, required for disclosure of such
information. 


Aidas Ignatavičius
Chief Executive Officer 

Person for contacts:
Rasa Kruopaitė-Lalienė
Manager Marketing and Public Relations
Phone: +370 5 2781231