LESTO - Notification on material event

Regarding candidates nominated to the Board of a new electricity and gas distribution company which will continue in operation after reorganisation of AB LESTO and AB Lietuvos dujos

LESTO AB (hereinafter - LESTO, Company), identification code 302577612,
registered office placed at Aguonų str. 26, Vilnius, Republic of Lithuania. The
total number of registered ordinary shares issued by company is 603 944 593;
ISIN code LT0000128449. 

AB LESTO informs that on 28 July, 2015, Company received a letter from the
Company's shareholder - “Lietuvos energija”, UAB (“Lietuvos energija”), holding
94,39 percent of Company shares - containing information on decisions adopted
by the Supervisory Board of Lietuvos energija. 

According to the Letter, at its meeting of 28 July 2015 the Supervisory Board
of Lietuvos energija approved the nominations of Aidas Ignatavičius (the
Chairman of the Board and the General Manager), Dalia Andrulionienė (area -
services), Eglė Čiužaitė (area - finance), Rytis Borkys (area -development of
network) and Dalius Svetulevičius (area - operation of networks) to the to the
Board of the new electricity and gas distribution company which will continue
in operation after the pending reorganisation of AB LESTO and AB Lietuvos dujos
(hereinafter - the distribution company). 

The Company hereby reminds the announcement on corporate action made public on
3 March 2015 whereby the Company notified of the programme for separating the
chain activities of this group of companies. According to the programme
concept, until the end of December 2015 AB LESTO and AB Lietuvos dujos will be
merged into a joint company of distribution networks. The extraordinary general
meeting of shareholders of AB LESTO of 29 May 2015 approved the preparation of
conditions of the reorganisation of AB LESTO and AB Lietuvos dujos by way of
merger. 

The plan of the programme provides that the structure of management bodies of
the new distribution company will not change, i.e. it will consist of the
general meeting of shareholders, a supervisory body - the Supervisory Board of
3 members elected for the term of 4 years, a collegial management body - the
Board of 5 members elected for the term of 4 years and a single person
management body - the General Manager. 

Candidates to the Board of the new distribution company will be nominated in
accordance with the procedure set out by legal acts after the establishment of
the distribution company. The Board will be elected by the Supervisory Board of
the distribution company. 

Any subsequent actions and decisions will be announced by the Company publicly
in accordance with the laws. 

Information is not confidential.


         Representative for Public Relations Martynas Burba, Tel. No (8~5) 251
4516.