INTER RAO Lietuva will receive LTL 1.5 million in dividends

INTER RAO Lietuva, the leading electricity market player in the Baltic States and one of the largest independent electricity suppliers, will receive LTL 1.5 million in dividends from its subsidiaries and related companies this year after they have allocated their profits for 2012.

Dividends to INTER RAO Lietuva will be paid by IRL Wind UAB, which operates the wind farm at Vydmantai through its subsidiary Vydmantai wind park UAB. The company will pay out LTL 500,000 in dividends from last year’s profit of LTL 6.2 million.

INTER RAO Lietuva subsidiary in Latvia INTER RAO Latvia SIA, which is an electricity wholesaler and supplier of electricity to retail business customers, will pay out LVL 43,000 (around LTL 211,000) in dividends to its parent company this year.

In addition, LTL 750,000 in dividends will be paid to INTER RAO Lietuva by property developer Alproka UAB. INTER RAO Lietuva has a 49.99% interest in the company which will pay a total of LTL 1.5 million in dividends this year.

“The INTER RAO Lietuva Group has been operating steadily and has excellent prospects for further growth. Last year, we set up a subsidiary in Poland, composed a team in Estonia and have launched an active campaign in this country. In addition, we continue to consolidate our position in Latvia and will seek to boost investments in renewable energy. We believe that all these activities build a foundation for balanced and sustainable success of our Group”, says Giedrius Balčiūnas, CEO of INTER RAO Lietuva.

The initial listing of the shares of INTER RAO Lietuva on the Warsaw Stock Exchange took place on 18 December 2012. INTER RAO Lietuva is the first energy sector company in the Baltic States and the third Lithuanian company to have its shares listed on the Warsaw Stock Exchange.

INTER RAO Lietuva supplies electricity to Lithuania’s major customers, including the oil refinery ORLEN Lietuva, as well as to companies which have chosen INTER RAO Lietuva as their independent electricity supplier. The Group’s undertakings also trade on Nord Pool Spot, the Nordic electricity exchange, which is one of the largest in Europe.

For more information please contact:

Jacek Jan Komar 
Spokesperson
INTER RAO Lietuva
Phone +370 5 242 11 21
Mobile +370 662 52 287
E-mail j.komar@iterrao.lt
www.interrao.lt

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