Material Events from July 1, 2020

AB Ignitis Gamyba, company code 302648707, registered office at Elektrinės st. 21, Elektrėnai (hereinafter referred to as the Company).

The Company announces preliminary financial results for the 1st month of 2021:

Electricity produced in the power plants controlled by the Company:

During the first 1st month of the year, the amount of electricity generated in the Company’s power plants increased twice, compared to January 2020, in total 149.9 GWh.

In the comparable period, the Company's revenue from contracts with customers grew by 75%, and adjusted EBITDA - by 34%. These indicators increased mainly due to a significant increase in electricity production volumes in the Elektrėnai Complex (favorable electricity, gas and allowance prices were formed) and higher sales volumes and prices of Kruonis PSHP.

* Financial indicators of the Company for the year 2020 have been recalculated. Information about the changes is presented in the Company's financial information for the year 2020.

** The Company’s preliminary adjusted EBITDA for 2021 and actual adjusted EBITDA for 2020 are reported after the adjustments made by the management by eliminating the impact of one-off factors, also considering the change in revenue (and, consequently, EBITDA) of the Company's regulated services. These adjustments are made aiming to disclose the results of the Company’s operating activities after the elimination of the impact of non-typical, one-off factors or factors that are not directly related to the current reporting period. All adjustments made by the management are disclosed in the Company’s interim and annual reports.

More information:

Tadas Markevičius, Public Relations Manager, +370 676 28911, tadas.markevicius@ignitis.lt