Lietuvos Energija UAB: Regarding the non-monetary contribution to the authorized capital of "Lietuvos energijos gamyba", AB

Vilnius, Lithuania, 2018-03-06 16:01 CET (GLOBE NEWSWIRE) --
Lietuvos Energija, UAB, (hereinafter - the Company or "Lietuvos energija")
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. 

On 5 March 2018, the board of Lietuvos Energija, UAB (hereinafter - the Company
or Lietuvos Energija) made a decision to approve the initiation of contribution
of assets of Vilnius Third Combined Heat and Power Plant to the authorised
capital of Lietuvos Energijos Gamyba, AB (hereinafter - Lietuvos Energijos
Gamyba) as contribution in kind. 

Value of the contributed assets of Vilnius Third Combined Heat and Power Plant
to the authorised capital of "Lietuvos Energijos Gamyba", set by the
independent asset valuers, is EUR 8,061,000. 

In 2017 Lietuvos Energija acquired assets of Vilnius Third Combined Heat and
Power Plant from Vilniaus Šilumos Tinklai, AB for EUR 9,935,000. The price of
assets also included synergies, received by the companies belonging to Lietuvos
Energija Group. Therefore, the value of assets contributed to the authorised
capital of Lietuvos Energijos Gamyba is lower. The aforementioned synergies
include the potential investments in the connection to Vilnius centralised
heating networks. 

The general meeting of shareholders of Lietuvos Energijos Gamyba still has to
approve the transfer of Vilnius Third Combined Heat and Power Plant which shall
take place from 1 April 2018. 

         Paulius Stonis, Communications Manager, phone: [phone], email:
[e-mail].