Election of EPSO-G's Audit Committee under the Supervisory Board


On 12 September 2016, the General Meeting of Shareholders (GMS) of UAB EPSO-G, which is the largest shareholder of AB Amber Grid (hereinafter – the Company), elected for a four-year term EPSO-G Group's Audit Committee under the Supervisory Board.

Out of the number of UAB EPSO-G's Supervisory Board the following persons were elected to the Audit Committee: Independent Member of the Supervisory Board Mr Raimondas Rapkevičius, also holding the positions of the Deputy Director General and Financial Director of UAB General Financing, which belongs to Marginalen Banking Group, and Member of the Supervisory Board Audrius Misevičius, Lithuanian Prime Minister's Advisor on Social Issues.

To the position of the Independent Member of the Audit Committee the GMS elected Mr Gediminas Šiušas, a professional in the area of finance, also holding certificates of an international auditor.  Mr Gediminas Šiušas, who has accumulated experience of more than 12 years in the fields of accounting, financial analysis and audit, currently holds the position of Accounting Director at UAB Western Union Processing Lithuania.

The Audit Committee acts as UAB EPSO-G's Supervisory Board's advisory body in the fields of internal control and operational risk management. Its main functions consist in the supervision of the financial reporting and auditing processes of the entire EPSO-G Group, ensuring compliance with the principles of independence and objectivity of the Group's auditors and audit companies, as well as the supervision of internal control, risk management and internal audit systems and efficiency of business processes.

The individual authorised by AB Amber Grid (the issuer) to provide additional information on the material event:

Tomas Suslavičius

Director of Legal and Administration Department

tel. +370 5 2327732

fax +370 5 236 0850

e-mail: t.suslavicius@ambergrid.lt