Lietuvos Energija UAB: Regarding forthcoming separation of the transportation operations of NT Valdos

Vilnius, Lithuania, 2017-12-12 08:54 CET (GLOBE NEWSWIRE) --
Lietuvos Energija, UAB, (hereinafter - the Company) identification code
301844044, registered office placed at Žveju str. 14, Vilnius, Republic of
Lithuania. The total nominal value of issued bonds 300 000 000 EUR; ISIN code
XS1646530565. 

The Board of NT Valdos, UAB (hereinafter - NT Valdos) owned by the Company has
approbated the terms and conditions for the legal unbundling and launched its
transport operation separation process. On the basis of the announced terms of
the separation, the transportation operations will be transferred to a new
company UAB Transporto Valdymas to be set up after the separation. 100 % of the
newly established company will be held by Lietuvos Energija, UAB. The new
company is scheduled to be established in January 2018. 

Lietuvos Energija, UAB, as a shareholder of the company, passed a decision to
approve the preparation of the separation terms of NT Valdos on 27 November
2017. Further, the decision of Lietuvos Energija, UAB was endorsed by its
shareholder - the Ministry of Finance of the Republic of Lithuania. 

Following the separation process, NT Valdos will continue providing the
immovable property maintenance and rent services, whereas the new company UAB
Transporto Valdymas will take over the assets, obligations, contractual and
other liabilities related to the transportation operations, as well as other
rights and obligations. The separation will have no effect upon the customers
of NT Valdos, while the existing obligations will be continued. 

         Director of Corporate Communications Division at Lietuvos Energija,
UAB, Laura Šebekiene, [phone], [e-mail]