LIETUVOS DUJOS

MATERIAL EVENT



DECISIONS ADOPTED AT THE MEETING OF THE BOARD



In order to supplement the company’s current assets, repay the obtained loans,

and to pay for the suppliers of natural gas, it was decided to allow the

company’s administration to:

1.1. sign the agreement regarding taking the loan of no more than USD 15

million for the period no longer than a year from the German bank Vereinsbank

and from other German banks with the annual interest rate not exceeding 6 month

LIBOR + 350 basis points.

1.2. ditribute the company’s debt securities worth up to EURO 50 million with

the maturity of 3 years (international issue of non convertible bonds);

1.3. register with the Securities Commission of the Republic of Lithuania a

programme ( a programme of non convertible bonds) of short term debt securities

issuing worth no more than LTL 50 million for the period of no more than a year.

1.4. establish that all expenses related with the issuing of bonds specified in

items 1.2. and 1.3. shall not exceed 6 month EURIBOR + 500 basis points.

1.5. authorise Vytautas Mikaila, Director General of AB Lietuvos Dujos, to sign

the agreements related with borrowing specified in items 1.1., 1.2., and 1.3.





Lina Semėnaitė

Information specialist

8(22) 72 18 58