VST, AB preliminary result for the year 2008


The Company's non-audited net profit for the year 2008 is 11.7 million LTL (3.4
million EUR) according to the International Financial Reporting Standards, in
2007 audited net profit was - 67.2 million LTL (19.5 million EUR). The decrease
in net profit was due to the higher electricity generation and transmission
price and also due to higher other operating costs. 


The Company's revenue - 1 159.7 million LTL (335.9 million EUR) in 2008,
compared with 1 053.7 million LTL (305.2 million EUR) in 2007. 

In 2008 the Company sold 4 020 million kWh of electric power, compared with 3
947 million kWh in 2007. 

Due to the fact that the main shareholder of the Company changed in 2008,
according to International Financial Reporting standards independent
appraisers, have performed valuation of the Company's property plant and
equipment at the date of acquisition (2008 05 27) or at the date that is close
to the date of acquisition (2008 05 31). The Company's property, plant,
equipment and other long term tangible assets were evaluated  as of  31 May
2008 amounts to  2 950 million LTL (854.4 EUR). 

In 2008 the Company invested 144,4 million LTL (41,8 million EUR) into electric
power distribution and other property, plant and equipment 

Person for contacts: Chief financial officer Lina Minderienė,  tel. (+370~5)
278 1200 
Chief executive officer Aidas Ignatavičius