OREANDA-NEWS. September 20, 2012. The extraordinary general meeting of shareholders of public company Lietuvos energija, AB (business ID: 302648707, legal form: public company, registered office address: Elektrines g. 21, Elektrenai, Republic of Lithuania, data on the Company collected and stored by the Legal Persons‘ Registration Division of Vilnius Branch of VI Registru Centras) held on 20 September 2012 adopted the following decisions:

1. Regarding the Lietuvos Energija, AB "Construction of heat generation capacities at the Lithuanian Power Plant” investment project.

"To endorse the mortgaging of property created in the framework of the Lietuvos Energija, AB "Construction of heat generation capacities at the Lithuanian Power Plant” investment project to ensure fulfillment of the obligations of the Company in accordance with the loan agreement.”

2. Regarding the development of the Kruonis Pumped Storage Plant.

"In light of the National Energy Strategy and in order to develop the electricity market and expand the range of services offered by the Company, to endorse realization of the development of the Kruonis Pumped Storage Plant in these stages and terms:

Upgrade of the technical specifications of the 225 MW asynchronous generator and publication of procurement of contract work by the end of 2012;

Provide for the start-up of the new Kruonis Pumped Storage Plant capacities before the beginning of operations of the NordBalt and LitPol Link electricity connections.”

3. Regarding the shut-down and dismantling of Units 3 and 4 of the Lithuanian Power Plant.

"To shut-down units 3 and 4 of the Lithuanian Power Plant by dismantling said Lithuanian Power Plant units, and to sell the dismantled assets and/or take other measures related to the disposal of the dismantled assets.”

4. Concerning recalling of Members of the Board of Lietuvos energija, AB

“In order to duly implement the provisions of the EU Third Energy Package, Mr. Rimantas Vaiktus (personal ID No. and place of residence not subject to disclosure) and Mr. Aloyzas Vitkauskas (personal ID No. and place of residence not subject to disclosure) are recalled from the positions of the Member of the Board of Lietuvos energija, AB from the date of adoption of this decision.”

5. Concerning election of Members of the Board of Lietuvos energija, AB

“Elect Ms. Laurentina Garbauskiene (personal ID No. and place of residence not subject to disclosure) and Mr. Raimundas Petrauskas (personal ID No. and place of residence not subject to disclosure) as Members of the Board Lietuvos energija, AB from the date of adoption of this decision until the end of the term of office of the present Board.

Approve the form of model agreement by and between Lietuvos energija, AB and an independent member of the Board (hereinafter referred to as the “Agreement“) (appended).

Authorise the CEO of Lietuvos energija, AB to amend any non-material terms and conditions of the Agreement.

Authorise the CEO of Lietuvos energija, AB to conclude an agreement on the activities of an independent member of the Board with Mr. Raimundas Petrauskas, Independent Member of the Board.

Set for the independent member of the Board of Lietuvos energija, AB a hourly rate of pay of LTL 150 (one hundred fifty Litas) excluding VAT for the actual work of an independent member of the Board.

Establish that the maximum remuneration for the independent member of the Board of Lietuvos energija, AB shall be LTL 3,500 (three thousand five hundred Litas) excluding VAT per month.”