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Litgrid AB

Earnings Release • Jan 20, 2015

2262_iss_2015-01-20_be280d2f-c116-42e6-a583-8ef8bb3b2ddf.html

Earnings Release

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Disclosure 320795

LITGRID - Notification on material event

Price cap for electricity transmission rate set

Vilnius, Lithuania, 2015-01-20 09:18 CET (GLOBE NEWSWIRE) -- On 19 January 2015, the National Control Commission for Prices and Energy (hereinafter - the Commission) set the price cap of 0,6204 EUR ct/kWh (2,1421 EUR ct/kWh) for electricity transmission rate with effect from January 1st, 2016. Since the Commission did not contact electricity transmission system operator Litgrid with regard to data, required for setting the price cap for the period of 2016-2020, Litgrid has reasonable doubts whether the said price cap was set using the correct data. Litgrid will examine the potential impact of the Commission's set rate on company's operations and ongoing projects. Vilija Railaitė Head of Communications Phone +370 5278 2361 Mobile +370 613 19977 E-mail [email protected]