Lietuvos Elektrine AB - Notification on material event

Regarding decisions adopted at the extraordinary general meetings of shareholders of AB LIETUVOS ELEKTRINĖ and Lietuvos energija, AB on 4 July 2011

Elektrėnai, Lithuania, 2011-07-04 16:30 CEST (GLOBE NEWSWIRE) -- 

The extraordinary general meeting of shareholders of  AB LIETUVOS ELEKTRINĖ     
 (business ID: 110870933, legal form: public company, registered office address:
 Elektrinės g. 21, Elektrėnai,  Republic of Lithuania, data on the Company      
 collected and stored by the Legal Persons‘ Registration Division of Vilnius    
 Branch of VĮ Registrų Centras) held on 4 July 2011 adopted the following       
 decisions:                                                                     
1. Concerning reorganisation of AB Lietuvos Elektrinė                           
1. To reorganise, according to Article 2.97(4) of the Civil Code of the Republic
 of Lithuania and the Terms of Reorganisation of Lietuvos energija AB (business 
 ID 220551550) and AB Lietuvos elektrinė (business ID 110870933), AB “Lietuvos  
 energija” and AB Lietuvos elektrinė (hereinafter collectively referred to as   
 the “Companies“) by merger as provided for in Article 2.97(4) of the Civil Code
 of the Republic of Lithuania, by merging the Companies under reorganisation    
 (which will cease to be legal persons upon the reorganisation) into a new      
 company Lietuvos energija, AB, which will start operating upon reorganisation  
 and to which the assets, rights and liabilities of the Companies will be       
 transferred, i. e. a new legal person - Lietuvos energija, AB will be formed   
 and continue operations on the basis of the Companies having ceased their      
 operations.                                                                    
2. To approve the Terms of Reorganisation of AB “Lietuvos energija” and AB      
 Lietuvos elektrinė, whereby the Companies under reorganisation are merged into 
 a new legal person Lietuvos energija, AB, continuing operations upon           
 reorganisation (appended).                                                     
3. To approve the Articles of Association of Lietuvos energija, AB continuing   
 operations upon reorganisation (appended).                                     
4. To authorise Mr. Dalius Misiūnas, Director General of AB “Lietuvos energija”,
 to sign the approved amended Articles of Association of AB “Lietuvos energija”,
 to publish the Terms of Reorganisation and other relevant information and      
 documents according to the procedure prescribed by the law, to submit them to  
 the notary, the Legal Persons‘ Register and the shareholders, to take any      
 requisite actions in order to register the Articles of Association of Lietuvos 
 energija, AB in the Legal Persons‘ Register according to the procedure         
 prescribed by the law, as well as to take any other actions related to the     
 implementation of this decision and the reorganisation of the Companies; the   
 Director General of AB “Lietuvos energija” is authorised to re-authorise other 
 persons to take the above actions in their full scope.                         
2. Concerning selection of auditor for AB Lietuvos elektrinė and establishment  
 of terms of payment for audit services                                         
1. To select PricewaterhouseCoopers UAB (business ID 111473315, address J.      
 Jasinskio g. 16 B, LT-01112 Vilnius) as an auditor for the conduct of an audit 
 of financial statements for 2011 (including consolidated financial statements),
 establishing a fee for the audit services up to LTL 20,000 (twenty thousand    
 Litas) exclusive of VAT, the audit fee to be paid upon provision of the audit  
 services, within  60 (sixty)days from the date of issue of a tax invoice.      
The extraordinary general meeting of shareholders of Lietuvos energija, AB held 
 on 4 July 2011 adopted the following decisions:                                
1. Concerning election of members of the Board of Lietuvos energija, AB         

1. To elect the following persons as members of the Board of Lietuvos energija,
AB, which will start operating upon reorganisation of AB “Lietuvos energija”
and AB Lietuvos elektrinė, for a 4 (four) years‘ term of office: 

1.1. Arvydas Darulis (personal ID <data not subject to publication>, place of
residence < data not subject to publication>); 

1.2. Kęstutis Žilėnas (personal ID <data not subject to publication>, place of
residence < data not subject to publication>); 

1.3. Aloyzas Vitkauskas (personal ID <data not subject to publication>, place
of residence < data not subject to publication>); 

1.4. Šarūnas Vasiliauskas (personal ID <data not subject to publication>, place
of residence < data not subject to publication>); 

1.5. Dalius Misiūnas (personal ID <data not subject to publication>, place of
residence < data not subject to publication>). 

For more information about the decisions adopted by the extraordinary general
meetings of shareholders of AB LIETUVOS ELEKTRINĖ and LIETUVOS ENERGIJA, AB,
see the website of LIETUVOS ELEKTRINĖ AB: http://www.lelektrine.lt/. 




         Jūratė Kavaliauskaitė
         Head of Communications, AB Lietuvos Energija
         Tel. +370 619 62019
         E-mail: jurate.kavaliauskaite@lpc.lt

Attachments:

Reorganizavimo salygos EN.pdf