VST AB - Notification on material event

Election of the Chairman of the Board and the Managing Director of LESTO AB

On 13 December 2010 the Board of AB LESTO elected Mr. Arvydas Darulis as the
Chairmen of the Board of LESTO AB and Mr. Arvydas Tarasevičius as the Managing
Director of LESTO AB. 

Information is not confidential.

Chief Executive Officer Rimantas Vaitkus.

         Person for contacts: Manager Marketing and Public Relations Kristina
Mažeikytė, tel. (8~5) 251 4500.