LESTO - Notification on material event

Regarding of the Extraordinary General Meeting of Shareholders of LESTO AB

LESTO AB, identification code 302577612, registered office placed at Žvejų str.
14, Vilnius, Republic of Lithuania. The total number of registered ordinary
shares issued by company is 603 944 593; ISIN code LT0000128449. 

On September 8, 2014 LESTO AB received a request from the Company's shareholder
- „Lietuvos energija“, UAB, holding 94, 39 percent of votes in the Company‘s
General Shareholders Meeting - to convene the Extraordinary General Meeting of
Shareholders of LESTO AB. “Lietuvos energija”, UAB states that the purpose of
the Extraordinary General Meeting of Shareholders of LESTO AB is to pay
dividends for the period shorter than the usual financial year (as of June 30,
2014). The shareholder has submitted the agenda of the Extraordinary General
Meeting of Shareholders of LESTO AB and the draft decision on dividends for the
period shorter than the usual financial year. 

An Extraordinary General Meeting of Shareholders of LESTO AB is to be convened
on the initiative of “Lietuvos energija”, UAB, and by the decision of the Board
of LESTO AB on 8 September 2014. 

The date, time and place of the Extraordinary General Meeting of Shareholders:
The Extraordinary General Meeting of Shareholders of LESTO AB will be held on
30 September 2014, at 9.00 a.m., on the premises of LESTO AB (Žvejų str. 14,
Vilnius). 

The shareholder registration will start at 8.25 a.m. and will end at 8.55 a.m.
The record date of these General Meetings is 23 September 2014. Only persons
who are shareholders of LESTO AB at the end of the record date of the General
Meeting of Shareholders of company shall have the right to attend and vote at
the General Meeting of Shareholders of LESTO AB. 

The agenda and the proposed draft resolution by “Lietuvos energija”, UAB of the
Extraordinary General Meeting of Shareholders of LESTO AB: 

1. LESTO AB Supervisory board review regarding interim Financial Statements of
LESTO AB, interim Report of LESTO AB and decision regarding allocation of
dividends for shareholders of LESTO AB for the period shorter than financial
year. 

[Presented for LESTO AB shareholders information].

2. Presentation of the consolidated interim Report of LESTO AB for the period
of six months of 2014. 

[Presented for LESTO AB shareholders information].

3. Approval of the interim 2014 Half-Year Financial Statements of LESTO AB.

„Approve the interim 2014 Half-Year Financial Statements of LESTO AB, audited
by “PricewaterhouseCoopers” UAB, the Company‘s auditor (enclosed).” 

4. Regarding allocation of dividends for shareholders of LESTO AB for the
period shorter than financial year (30 June 2014). 

„In accordance with Article 601 Item 5 of the Company Law of the Republic of
Lithuania, approve the allocation of dividends - 0,11 Lt per AB LESTO share -
for shareholders of LESTO AB for the period shorter than financial year (30
June 2014).“   On the 8th September 2014 LESTO AB Supervisory board approved
the consolidated interim Report of LESTO AB for the period of six months of
2014, the interim 2014 Half-Year Financial Statements of LESTO AB, with respect
to the missive from „Lietuvos energija“ UAB, the allocation of dividends - 0,11
Lt  per AB LESTO share - to shareholders of LESTO AB for the period shorter
than usual financial year (period ending on 30th June 2014) and decided to give
this review to the General Extraordinary Meeting of Shareholders of LESTO AB,
which will be held on 30th September 2014. 

The right to receive dividends will only apply to those, who were shareholders
of LESTO AB on 14 October 2014. 

Shareholders participating in the General Meeting of Shareholders of LESTO AB
shall produce an identity document. Shareholders shall be granted pecuniary and
non-pecuniary rights provided for by laws and other legal acts of the Republic
of Lithuania. Shareholders entitled to participate in the aforementioned
shareholder meeting shall have the right to authorise, in writing, a natural or
legal person to participate and vote on their behalf at the General Meetings of
Shareholders indicated in this notice. Such a written authorisation shall be
approved in accordance with the procedure laid down in legal acts and shall be
delivered to Žvejų str. 14, Vilnius no later than by the end of shareholder
registration for a relevant General Meeting. Shareholders entitled to
participate in the General Meeting of Shareholders of LESTO AB shall also have
the right to authorise, by electronic means of communication, a natural or
legal person to participate and vote on their behalf at the General Meeting of
Shareholders. An authorisation issued by electronic means of communication
shall be recognised as valid provided that the security of the information
transferred is ensured and it is possible to identify the shareholder.
Shareholders shall report the issuance of an authorisation by electronic means
of communication by sending it by e-mail to info@lesto.lt not later than by the
end of the working day on 3 April 2014 (4:30 p.m.). The authorised person shall
have an identity document and shall enjoy the same rights at the General
Meeting as the shareholder represented by him would enjoy (unless the issued
authorisation or laws provide for narrower rights of the authorised person).
The shareholder's right to participate in the General Meeting of Shareholders
shall also include the right to ask. LESTO AB has not approved any special
authorisation form of the abovementioned General Meeting of Shareholders. 

The agenda of the General Meeting of Shareholders of LESTO AB may be
supplemented on the initiative of shareholders of company whose shares held in
company carry at least 1/20 of all votes at the General Meeting of Shareholders
of LESTO AB. The proposal to supplement the agenda of the respective General
Meeting of Shareholders shall be accompanied by draft decisions or, where no
decisions have to be taken, by explanations on each proposed agenda item of the
Extrardinary General Meeting of Shareholders. The agenda shall be supplemented
if the proposal is received no later than 14 before the respective General
Meeting of Shareholders. Shareholders whose shares held in LESTO AB carry at
least 1/20 of all votes at the General Meeting of Shareholders of  company
shall have the right to propose, at any time before the General Meeting of
Shareholders of LESTO AB, new draft decisions on issues that are included or
will be included in the agendas of the General Meeting of Shareholders of LESTO
AB. Proposals on the supplementation of the respective agenda or relevant draft
decisions shall be submitted in writing to LESTO AB, Žvejų str. 14, Vilnius, or
by e-mail to info@lesto.lt.    Shareholders of LESTO AB shall have the right to
present questions related to the agend of the General Meeting of Shareholders
of company. Questions may be presented by e-mail to info@lesto.lt or delivered
to LESTO AB to Žvejų str. 14, Vilnius, no later than 3 working days before the
General Meeting of Shareholders. 

Shareholders will be able to vote on the agenda items of the General Meeting of
Shareholders of LESTO AB in writing by filling in ballot papers. At the request
of a shareholder, LESTO AB shall send, free of charge, a ballot paper to the
shareholder by registered post or deliver it by hand against signature no later
than 10 days before the General Meeting of Shareholders of LESTO AB. A
completed ballot paper shall be signed by the shareholder or a person
authorised by the shareholder. Where a person authorised by the shareholder
casts a vote, a document certifying the right to vote shall be attached to the
completed ballot paper. 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 Žvejų str. 14, Vilnius, no later before the General Meeting of
Shareholders. 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
to late or is filled so that the true will of the shareholder on an individual
matter cannot be determined. Electronic means of communication shall not be
used for participation and voting at either of the abovementioned General
Meeting of Shareholders. 

Shareholders can familiarise themselves with documents related to the agenda of
the General Meeting of Shareholders of LESTO AB, draft decisions on the agenda,
documents to be submitted to General Meeting of Shareholders and other
information related to the implementation of the rights of shareholders
specified in this notice on the website of LESTO AB at http://www.lesto.lt from
the date of this notice as well as on the premises of LESTO AB (Žvejų str. 14,
Vilnius) during working hours (7.30-11.30 a.m. and 12.15-4.30 p.m.; 7.30-11.30
a.m. and 12.15-3.15 p.m. on Fridays). 


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

Attachments:

2014_1H_report_LESTO_EN.pdf