Regarding the adoption of resolution of the Government of the Republic of Lithuania

7/4/2012 10:24 AM EST

LESTO AB
Notification on material event

Regarding the adoption of resolution of the Government of the Republic of
Lithuania

Vilnius, Lithuania, 2012-07-04 16:24 CEST (GLOBE NEWSWIRE) -- On 4 of July 2012
the Government of the Republic of Lithuania adopted a resolution on
establishment of a private limited liability company and also on the investment
of state assets with the aim to implement the requirement to separate the
electricity transmission system operator LITGRID AB from the power supply and
production entities set forth in the Law on Electricity. The purpose of the
establishment of the private limited liability company is for the management of
electricity transmission system operator LITGRID AB. 

As provided for in the paragraph 3 of the said resolution, the shares of UAB
“Visagino Atomine Elektrine”, which are state-owned, but currently possessed,
used and disposed under the right of trust by the Ministry of Energy, and
amount to 4,067,163,632 ordinary registered uncertificatede shares with a
nominal value of LTL 1 each (giving 100% of the votes in UAB “Visagino Atomine
Elektrine” general meeting of the shareholders) should be transferred to the
Ministry of Economy to possess, use and dispose under the right of trust by 1
October 2012. 

UAB “Visagino Atomine Elektrine”currently owns 82.63% shares of AB LESTO.
For more information please visit the website of the Government of the Republic
of Lithuania  www.lrv.lt 

Information is not confidential.




         Representative for Public Relations Ernestas Naprys, Tel. No (8~5) 251
4516.