Lietuvos Energija AB - Notification on material event

Concerning the agenda and proposed draft resolutions of the extraordinary general shareholders meeting of joint-stock company LIETUVOS ENERGIJA

Elektrėnai, Lithuania, 2011-02-23 10:32 CET (GLOBE NEWSWIRE) -- On the
initiative and resolution of the Board of Directors of joint-stock company
LIETUVOS ENERGIJA (company registration number 220551550, legal address
Elektrinės g. 21, Elektrėnai), the extraordinary general meeting of the
shareholders of joint-stock company LIETUVOS ENERGIJA (hereinafter-the Company)
is convened on 17 March 2011. 

The shareholders meeting will take place at Elektrinės g. 21, Elektrėnai,
Republic of Lithuania. The meeting starts at 9.00 AM 17 March 2011. The
registration of shareholders starts at 8.30 AM 17 March 2011. The registration
of shareholders ends at 8.55 AM 17 March 2011. 

The shareholders record date of the extraordinary general shareholders meeting
is 9 March 2011. Only the persons who are the shareholders of the Company at
the end of the shareholders record day of the extraordinary general
shareholders meeting shall be allowed to participate and vote in the
extraordinary general shareholders meeting. 

The rights record date of the extraordinary general shareholders meeting is 31
March 2011. The property rights of the shareholders established in Clauses 1-4
of Paragraph 1 of Article 15 of the Law on Companies of the Republic of
Lithuania shall be held by the persons, who are the shareholders of the Company
at the end of the rights record day of meeting. 

Company agenda and proposed draft resolution:

1. Concerning the election of the member of the Board of Directors of
joint-stock company LIETUVOS ENERGIJA. 

Proposed draft resolution:

„1. To elect Dalius Misiūnas (personal code and place of residence are not
published) for the position of the member of the Board of Directors of
joint-stock company LIETUVOS ENERGIJA in place of Aloyzas Korzyna (personal
code and place of residence are not published), resigned member of the Board of
Directors of joint-stock company LIETUVOS ENERGIJA, until the end of term of
office of the present Board of Directors. 

All legally required information related to the convened extraordinary general
shareholders meeting is available in the website of the Company at
http://www.le.lt. 

The shareholder or his/her authorised representative shall have the right to
vote in writing by filling the general ballot paper. Upon the written request
of the shareholder or his/her duly authorised representative entitled to vote,
the Company shall prepare and send the general ballot paper by registered mail
or deliver it against signature no later than 10 days before the extraordinary
general shareholders meeting. General ballot paper is also available in the
Company's website at http://www.le.lt, in the section “Shareholders”. Filled
and signed general ballot paper and the document confirming the voting right
can be sent to the Company by registered mail or delivered at Elektrinės g. 21,
Elektrėnai, no later than the end of the business day (4.30 PM) of 16 March
2011. 

The Company retains the right not to recognize the advance vote of the
shareholder or his/her authorised representative, if his/her submitted general
ballot paper does not meet the requirements of Paragraphs 3 and 4 of Article 30
of the Law on Companies of the Republic of Lithuania, was received late or is
filled so that the true will of the shareholder on an individual matter cannot
be determined. 

The persons are entitled to vote under a Power of Attorney in the extraordinary
general shareholders meeting. The Power of Attorney shall be a written document
issued by one person (constituent) to another person (representative) to
represent the constituent in establishing and maintaining the relations with
third parties. The Power of Attorney to perform actions related to legal
persons on behalf of a natural person must be certified by the Notary, except
for the cases provided by the law, when a different form of authorisation can
be granted. The authorised representatives must have an identity document and
the Power of Attorney confirmed in the procedure established by the law, which
must be presented no later than the end of registration of shareholders of
extraordinary general shareholders meeting. The authorised representative shall
have the same rights in the general shareholders meeting as the represented
shareholder. 

The shareholders entitled to participate in the extraordinary general
shareholders meeting shall have the right to authorise by electronic means of
communication a natural or legal person to participate and vote on their behalf
in the extraordinary general shareholders meeting. Such Power of Attorney shall
not be certified by the Notary. The Company shall recognize the Power of
Attorney granted by electronic means of communication only if it is signed by
the shareholder's e-signature, created using secure signing software and having
the qualification certificate valid in the Republic of Lithuania, i.e. if the
security of transmitted information is ensured and the shareholder can be
identified. The shareholder must notify the Company in writing about granting
such Power of Attorney by electronic means of communication by sending it via
e-mail at info@lpc.lt no later than the end of the business day (4.30 PM) of 16
March 2011. 

The extraordinary general shareholders meeting cannot be attended and the vote
cannot be cast by electronic means of communication. 


         Jūratė Kavaliauskaitė
         Head of Communications
         Tel. +370 619 62 019
         E-mail: jurate.kavaliauskaite@lpc.lt