Kauno Energija AB - Notification on material event

Convenion of JSC „ Kauno energija“ shareholders meeting and decisions projects

By the initiative of the main company's shareholder, Kaunas city municipality,
and by the decision of  company's Management Board on 26 June, 2008 13 p.m. the
shareholders meeting of JSC “Kauno energija” is convened (code of enterprise
235014830, address Raudondvario pl. 84, Kaunas), which will be held in
company's hall (first floor, Raudondvario pl. 86A, Kaunas). Registration of
shareholders is from 12.20 p.m. till 12.50 p.m. The account day of shareholders
meeting is 17 June, 2008. 
Shareholders meeting agenda and decisions projects:

1. Agenda question - Concerning the increasement of JSC “Kauno energija”
authorized capital by additional monetary contributions. 
Decision project:
To increase authorized capital of joint stock company „Kauno energija“ up to 1
200 000 LTL (from 118 310 292 LTL up to 119 510 292 LTL) by additional monetary
contribution made by Jurbarkas district municipality (code 111106276, Darius
and Girėnas str. 96, 74187 Jurbarkas), paying by it 200 000 (two thousand)
units issued ordinary named 6 LTL nominal value shares of joint stock company
„Kauno energija“, which emission price is equal to the shares nominal value. 

2. Agenda question - Concerning the cancellation of priority right for all
shareholders to 
acquire to be newly issued shares of JSC "Kauno energija".
 Decision project:
To cancel the priority right for all shareholders to acquire newly issued 200
000 (two thousand) units ordinary named 6 (six) LTL nominal value shares of
joint stock company „Kauno energija“, aiming to increase the  investments of
JSC „Kauno energija“ subsidiary „Jurbarko šilumos tinklai“, by giving the right
to acquire these shares for the budget institution Jurbarkas district
municipality, code 111106276, Darius and Girėnas  str. 96, 74187 Jurbarkas. 

3. Agenda question - Concerning the change of JSC "Kauno energija" regulations
and the authorization to sign them. 
Decision project:
To change the regulations of JSC „Kauno energija“ and to authorize general
director A. S. Matelionis of JSC „Kauno energija“ to sign the changed text of
JSC „Kauno energija“ regulations. 

All persons participating in the shareholders meeting and having the right to
vote have to present the document which testifies the identity of person. The
authorized person of shareholder must present the authorization original in the
form and content foreseen by the law. 

From 23 May, 2008 shareholders, shareholders can familiarize with the company‘s
documents related to the agenda of shareholders meeting and decisions projects
of the meeting by coming to the company - Raudondvario pl. 84, Kaunas or in the
webpage of the company (http://www.ke.lt). 


Jovita Sereikienė
Head of Asset Management Department
+370 37 305664