Klaipedos Nafta - Notification on material event

Member of the Board of AB Klaipėdos nafta informed that he retreats from the office as from 1 December 2016

On 10th November, 2016 member of the Board of AB Klaipėdos nafta (hereinafter -
the Company), Mr. Rytis Ambrazevičius, informed in written the Company and the
supervisory Council of the Company that he retreats from the office of the
Board of the Company as from 1st December, 2016. 

Based on Article 33.11 of the Law on Companies of the Republic of Lithuania,
the member of the Board of the Company may resign from the duties before term
upon prior written notice to the Company which must be provided no later than
14 days in advance. 

Rytis Ambrazevičius was elected to the Board of AB Klaipėdos nafta on 24th
October, 2011. On 29th April, 2014, by the decision of the Supervisory Council
of the Company, Rytis Ambrazevičius was re-elected to the the Board of AB
Klaipėdos nafta for a 4-year term. Rytis Ambrazevičius is considered an
independent member of the Board of AB Klaipėdos nafta. 


         Marius Pulkauninkas, Director of Finance and Administration
Department, (+370 46) 391 763