Draft Resolutions of Convened Extraordinary General Meeting of Shareholders Approved

On June 12, 2009 the Management Board of joint stock company Lietuvos Energija
AB (company code 220551550) approved draft resolutions of general shareholders
meeting scheduled for June 23, 2009: 

1st issue of the agenda: "To approve agreements, signed with members and
chairman of the Management Board of Lietuvos Energija AB, regarding approval of
activity forms of a Board member.” 

2nd issue of the agenda: “To revoke the Management Board of Lietuvos Energija
AB. The revoked Management Board shall perform its functions until the end of
the general shareholders meeting when the new Management Board of Lietuvos
Energija is elected.” 

3rd issue of the agenda: “To elect the new Management Board of Lietuvos
Energija from the below mentioned members for the period of the remaining term
of office of the revoked Management Board (i.e. until the ordinary general
shareholders meeting of Lietuvos Energija, scheduled for 2012): 
i. [  ], personal code [  ], res. [  ]; 
ii. [  ], personal code [  ], res. [  ]; 
iii. [  ], personal code [  ], res. [  ]; 
iv. [  ], personal code [  ], res. [  ]“.

4th issue of the agenda: “To authorize the Chief Executive Officer of LEO LT to
sign on behalf of Lietuvos Energija agreements with Board members of Lietuvos
Energija AB, elected in this general shareholders meeting, regarding activity
of a Board member of Lietuvos Energija AB.” 

5th issue of the agenda: 
“To approve investments, which exceed sums foreseen  and agreements scheduled
in Annexes No. 3 (KAUNAS HPP ASSETS, RIGHTS AND OBLIGATIONS) and No. 4 (KRUONIS
PSP ASSETS, RIGHTS AND OBLIGATIONS) to Agreement signed on April 29, 2008
between the Government of the Republic of Lithuania and NDX Energija UAB,
regarding establishment of the national investment company: 
a) into the non-current assets of Kaunas HPP scheduled for unbundling,
requisite for continuation of rehabilitation of Kaunas HPP, not exceeding LTL
3720 thousand and 
b) investments into non-current assets of Kruonis HPP, requisite for ensuring
of Kruonis PSP operation, not exceeding LTL 690 thousand, 
and to assign the company's Management Board, while preparing unbundling
conditions under resolution dated December 4, 2008 adopted by extraordinary
general shareholders meeting “Unbundling of branch companies Kruonis PSP and
Kaunas HPP from Lietuvos Energija AB” to discuss allocation and compensation of
assets, rights and obligations, acquired under investments, implemented before
the completion of unbundling.” 

6th issue of the agenda: 
1. “To approve the resolution regarding the company's participation in the
construction of interconnection between electric power systems of the Republic
of Lithuania and Kingdom of Sweden, by way of joint venture/consortium, other
agreements or on other legal basis. Approve the resolution to invest company's
non-current assets and other assets for this purpose or use it otherwise, as
well as to provide the link constructor with organizational, technical,
financial and other means, necessary to implement the construction project of
interconnection between the electric power systems of the Republic of Lithuania
and Kingdom of Sweden. 
 
Authorize the company's Management Board and Chief Executive Officer to adopt
all necessary resolutions and enter into all requisite agreements and/or sign
other documents regarding the company's participation in the joint
venture/consortium, while constructing the interconnection between electric
power systems of the Republic of Lithuania and Kingdom of Sweden by way of
other agreements or on other legal basis. To invest company's non-current
assets and other assets for this purpose or use it otherwise, as well as to
provide the link constructor with organizational, technical, financial and
other means, necessary to implement the construction project of interconnection
between the electric power systems of the Republic of Lithuania and Kingdom of
Sweden.” 
 
Financial controller in
Financial planning and treasury Division
Rimantas Sukys, +370 5 2782315