2003.08.14, Lietuvos energijos gamyba (until 2011), VLN

LIETUVOS ENERGIJA

MATERIAL EVENT



REGARDING DISPOSAL OF A BLOCK OF SHARES



(Unofficial translation done at the NSEL)



On 14 August 2003, Lietuvos Energija AB sold 100 percent block of shares held

by it in the subsidiary Skaipas UAB to joint Lithuanian-German company Fesla

UAB. On 14 August 2003, the parties made a complete settlement.





Ona Garnienė

Senior accountant

(370 5) 2782457