Litgrid AB

Legal Proceedings Report • Mar 30, 2012

Disclosure 298795

LITGRID AB - Notification on material event

Litgrid Prepared the Unbundling Plan

Vilnius, Lithuania, 2012-03-30 15:50 CEST (GLOBE NEWSWIRE) -- On 30 March 2012, Lithuanian electricity transmission system operator Litgrid presented the National Control Commission for Prices and Energy (NCCPE) with a detailed action plan for the unbundling of the company from the vertically-integrated company group. It is planned that the activity of Lithuanian electricity transmission operator Litgrid will be split from the vertically-integrated group of Visagino Atominė Elektrinė UAB, which currently holds Litgrid's controlling interest. All of the European Union Member States are required to separate electricity transmission activities from production, supply and distribution. The corresponding set of provisions was transposed into the national legislative base of Lithuania following the approval of the new Law on Electricity, which came into effect on 7 February 2012. Litgrid is the Lithuanian electricity transmission system operator in charge of electricity transmission and electric power balance, ensuring renewable energy source integration in the transmission system, and providing public obligation services. Litgrid is implementing the strategic national energy projects, including international electricity interconnections NordBalt and LitPol Link, and is responsible for the national energy system's development and full-fledged integration into the common European electricity network and the Continental European Net. Vilija Railaitė Head of Communications Phone +370 5278 2361 Mobile +370 613 19977 E-mail vilija.railaite@litgrid.eu