2011-04-29 15:00:40 CEST

2011-04-29 15:01:55 CEST


REGULATED INFORMATION

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Kauno Energija AB - Notification on material event

Activity results of the first quarter, 2011 and the decisions of the general shareholders meeting 


Kaunas, 2011-04-29 15:00 CEST (GLOBE NEWSWIRE) -- Not audited Company's
activity result of the first quarter, 2011 (31 March, 2011) according to the
International accounting standards is profit (before taxes) LTL 25,806 thousand
(EUR 7,474 thousand), Group‘s profit (before tax) LTL 25,822 thousand (EUR
7,479 thousand). 

Income from the sales of the Company of the first quarter of the year 2011 -
LTL 142,898 thousand (EUR 41,386 thousand), Group‘s - LTL 143,229 thousand (EUR
41,481 thousand). 

We now present the intermediate not audited financial statements of the first
quarter of the year 2011. 



  In the general shareholders' meeting of AB “Kauno Energija” on 29th April,
2011, the following decisions were taken: 

1. Debriefed the conclusion of the consolidated and Company‘s financial
statements of the year 2010 prepared by independent auditor (UAB “Deloitte
Lietuva”). 

2. To confirm the audited consolidated and Company‘s financial statements of
the year 2010, prepared according to the International financial reporting
standards, accepted to use in the European Union (attached). 

3. To allocate Company‘s profit (loss) for the year 2010 according to the
profit (loss) allocation project (attached) provided to the general
shareholders meeting. 

1. Profit (loss) to be carried forward from the previous financial year - LTL
7,620 (EUR 2,207). 

2. Net profit (loss) for the reporting financial year - LTL 3,737,394 (EUR
1,082,424). 

3. Profit (loss) of the financial year not recognized in the Income Statement -
LTL 0 (EUR 0). 

4. Transfers from reserves - LTL 0 (EUR 0).

4.1. Transfers from the legal reserve - LTL 0 (EUR 0).

5. Shareholders contribution for covering the losses (if full or partial losses
are decided to be covered by shareholders) - LTL 0 (EUR 0). 

6. Total profit (loss) to be appropriated - LTL 3,745,014 (EUR 1,084,631).

7. Profit to be appropriated to legal reserves - LTL 186,870 (EUR 54,121).

8. Profit to be appropriated to reserves for investment into own shares - LTL 0
(EUR 0). 

9. Profit to be appropriated to other reserves - LTL 3,468,000 (EUR 1,004,402).

9.1. Investment Reserve - LTL 3,468,000 (EUR 1,004,402).

10. Profit to be appropriated for dividends - LTL 0 (EUR 0).

11. Profit to be appropriated for annual disbursements (tantiems) to the
members of the Board and Supervisory Council, employee's bonuses and for other
purposes - LTL 89,187 (EUR 25,830). 

12. Profit (loss) to be carried forward at the end of the financial year to the
next financial year - LTL 957 (EUR 277). 

4. To elect the members of joint stock company „Kauno energija“ Supervisory
board: 

  1. Ona Balžekienė (citizen of the Lithuanian Republic, personal code [],
     living [], Kaunas, Lithuania);
  2. Stasys Buškevičius (citizen of the Lithuanian Republic, personal code [],
     living [], Kaunas, Lithuania);
  3. Orinta Leiputė (citizen of the Lithuanian Republic, personal code [],
     living [], Kaunas, Lithuania);
  4. Visvaldas Matijošaitis (citizen of the Lithuanian Republic, personal code
     [], living [], Kaunas, Lithuania);
  5. Kęstutis Mikėnas (citizen of the Lithuanian Republic, personal code [],
     living [], Kaunas, Lithuania);
  6. Artūras Orlauskas(citizen of the Lithuanian Republic, personal code [],
     living [], Kaunas, Lithuania);
  7. Rytis Šatkauskas (citizen of the Lithuanian Republic, personal code [],
     living [], Kaunas, Lithuania).


         Head of Asset Management Department Jovita Sereikiene. +370 37 305664