Kauno Energija

Capital/Financing Update • Aug 4, 2020

Disclosure 385965

Kauno Energija - General meeting of shareholders

Resolutions of the Extraordinary General Meeting of Shareholders of PLLC Kauno Energija

The Extraordinary General Meeting of Shareholders of PLLC Kauno Energija has been held on August 4, 2020. 2 shareholders owning 40,482,463 ordinary registered shares of the Company which amounts to 94.58 % of the whole votes took part in it. The following resolutions were made at the Extraordinary General Meeting of Shareholders:

• to approve taking of a loan in amount of EUR 55,000,000 from the European Investment Bank to finance the investments of PLLC Kauno Energija for the years 2020–2023.

PLLC Kauno Energija is implementing a 5-year investment program, which includes investments in the repair and modernization of pipelines and the construction of new ones, investments in modernization of biothermal energy, cooling, solar energy and the digitization of processes. The volume of investment projects is EUR 112 million, EUR 55 million of which will be financed by the European Investment Bank. This will further reduce the price of heat for consumers and offer new energy solutions to the market.

Loreta Miliauskienė, Head of Economic Department, tel. +370 37 305 855