2003.07.28, Lietuvos energijos gamyba (until 2011), VLN

LIETUVOS ENERGIJA

MATERIAL EVENT



INCREASE OF A DEBT RATING



Standard & Poor's rating agency increased a long-term rating of Lietuvos

Energija AB from BB+ to BBB- and short-term rating from B to A-3. Rating

outlook is positive.





Ona Garniene

Chief accountant

(370 5) 2782457