LITGRID AB - Notification on material event

Board of Litgrid has been elected

Vilnius, Lithuania, 2013-09-10 10:56 CEST (GLOBE NEWSWIRE) -- On 10th September
2013 a new Board of the Lithuanian electricity transmission system operator
Litgrid AB (company code - 302564383, legal status - public company, registered
address: A. Juozapavičiaus str. 13, Vilnius, Vilnius city municipality, the
Republic of Lithuania, data about the company are collected and stored at
Vilnius branch of VĮ Registrų Centras, Division of Registry of Legal Entities)
has been elected by the Supervisory board of the company. The following persons
as members of the Board are elected for four-year term: 

1. Mr. Daivis Virbickas. Mr. Virbickas has a long-term experience in developing
and managing the transmission system strategies, electricity market analysis
and business management. Until now Mr. Virbickas has been a commercial director
at Alpiq AG, a company representing Swiss holding in the Baltic states. Until
2011 Mr. Virbickas was the Head of Technical Division in Litgrid. 

2. Mr. Karolis Sankovski. Mr. Sankovski has a long-term experience in
electricity companies implementing strategic and international projects of
power links. Since May 2012 Mr. Sankovski has been working as a strategic
project manager in the Infrastructure Development Department of Litgrid. 

3. Mr. Vidmantas Grušas. Mr. Grušas has a long-term experience in maintenance
of equipment and installations, operational control and development of
transmission grid facilities. Since April 2011 Mr. Grušas has been the Director
of the Transmission Grid Department of Litgrid. 

4. Mr. Rimantas Busila. Mr. Busila has a long-term experience in the field of
finance, investment and stock management. Since September 2012 Mr. Busila has
been working as a Chairman of the Board and the CEO of LTL Credit Union. 

The meeting of the new Board will take place in the nearest future. During the
first meeting the Chairman of the Board will be elected. 


         Laura Šebekienė
         Head of Communications
         Ph. + 370 693 65377,
         Email: laura.sebekiene@litgrid.eu