On September 29, 2009 the Management Board of Lietuvos Energija AB approved Spin-Off Terms on intended Spin-Off of Kaunas hydro power plant and Kruonis pumped storage plant from the joint-stock company Lietuvos Energija (hereinafter - Lietuvos Energija AB Spin-Off Terms), prepared by the Management Board of Lietuvos Energija AB following resolutions of extraordinary general shareholders meetings of Lietuvos Energija AB of December 4, 2008 and September 8, 2009 and Article 71 of Law on Joint-Stock Companies of the Republic of Lithuania. In the course of the spin-off, the company's electricity generation and reservation activities in Kaunas hydro-electric power plant and electricity generation and power reservation activities in Kruonis pumped storage plant will be spun-off from Lietuvos Energija AB and established as new separate companies. Lietuvos Energija AB Spin-Off Terms, Lietuvos Energija Board AB report on the intended separation and Lietuvos Energija AB Spin-Off Terms assessment report will be published on September 30, 2009. Aurelija Trakseliene Head of Communications Tel. +370 5 2782442 Email: aurelija.trakseliene@lpc.lt