Lietuvos Energija AB - Notification on material event

Resolutions of Extraordinary Shareholders Meeting of Lietuvos Energija AB

During the Extraordinary General Shareholders Meeting of Lietuvos Energija AB
held on September 8, 2009 (company code 220551550) the following resolutions
were adopted: 

Establishment of  Lietuvos Energija AB subsidiaries
1. To authorize the Board of Lietuvos Energija AB to adopt a resolution on
establishment of two subsidiaries of Lietuvos Energija AB: 
1.1. Company designated to function as independent supplier of electricity. 
1.2. Company designated to perform the transmission of electricity. 
2. To authorize the Board of Lietuvos Energija AB to invest assets of balance
value exceeding LTL 15 000 000 (fifteen million litas) of Lietuvos Energija AB
share capital into the newly established subsidiaries of Lietuvos Energija AB. 

Regarding the use (rental) of electricity transmission equipment.
3. To authorize the Management Board of Lietuvos Energija AB to adopt a
resolution regarding the authorization of subsidiary of Lietuvos Energija AB,
holding the licence of electricity transmission, to use noncurrent assets used
in the electricity transmission activity, the balance value of which exceeds
LTL 15 000 000. 

Regarding amendment of investment into Kaunas HPP and Kruonis PSP and 
commissioning to prepare conditions for separation. 

4. To approve additional investments of Lietuvos Energija AB:
4.1. 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 
4.2. into non-current assets of Kruonis PSP, scheduled for unbundling,
requisite for ensuring of Kruonis PSP operation, not exceeding LTL 690
thousand. 
4.3. 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 and other relevant issues.” 

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