Klaipedos Nafta - Notification on material event

AB Klaipedos Nafta preliminary transhipment and revenue results for the July 2016

During July 2016 AB Klaipedos Nafta (hereinafter – the Company) reloaded 552
thousand tons of petroleum products into its storage tanks of Klaipeda oil
terminal and Subacius fuel base (SFB), i.e. grater by 0.5 per cent compared to
July 2015, when 549 thousand tons were reloaded. 

During January - July of 2016 the Company in total reloaded 4,977 thousand tons
of petroleum products into its storage tanks or greater by 28.3 per cent
compared to the same period of 2015 when 3,879 thousand tons were reloaded. The
transhipment growth is mainly affected by the increased petroleum products
freights from Byelorussia and increased transhipment volumes of AB ORLEN
Lietuva. 

During July 2016 in the Liquefied Natural Gas (LNG) Terminal of the Company
1,012 thousand MWh of the natural gas were re-gasified and supplied to the
natural gas transmission system, i.e. grater by 3.1 times compared to July
2015, when 326 thousand MWh where re-gasified. During seven months of 2016 the
Company totally re-gasified 10,220thousand MWh of the natural gas, i.e. grater
3.4 times compared to the same period of 2015 when 2,966 thousand MWh natural
gas was re-gasified. 

The preliminary sales revenues during January – July of 2016 of the Company’s
oil terminal and SFB comprise EUR 25.7 million and are greater by 4.2 per cent
compared to the same period of 2015 (EUR 24.6 million). The sales revenue of AB
Klaipedos Nafta oil terminal and SFB for the July 2016 comprise EUR 2.5 million
that is less by 19.4 per cent compared to the revenue of July 2015 (Eur 3.1
million). 

The preliminary sales revenues of the Company’s LNG Terminal for July 2016
comprise EUR 5.5 million (July 2015 – EUR 5.4 million, increase by 1.9 per
cent), which consist of the liquefaction and regasification activity revenues
for the period calculated based on the tariffs approved by the National Control
Commission for Energy control and prices. The preliminary revenue of the LNG
terminal for the seven months of 2016 comprise EUR 39.6 million and are grater
by 4.8 per cent compared to the same period 2015 (EUR 37.8 million). 

Total preliminary sales revenues of the Company for the first seven months of
2016 comprise EUR 65.3 million, i.e. 4.6 per cent grater compared to same
period of 2015 (EUR 62.4 million). 

Petroleum products transshipment and LNG re-gasification:

                                            July              January – July    
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                                     2016  2015  Change,   2016    2015  Change,
                                                    %                       %   
--------------------------------------------------------------------------------
Petroleum products transshipment,    552    549   0.5%     4,977  3,879   28.3% 
 thousand tons                                                                  
--------------------------------------------------------------------------------
LNG re-gasification, thousand MWh   1,012   326   210.4%  10,220  2,966   244.6%
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Preliminary revenues of the Company, EUR million:

                                         July             January – July    
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                                2016  2015  Change, %  2016  2015  Change, %
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Klaipeda oil terminal activity   2.3   2.9   -20.7%    24.1  23.3     3.4%  
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Subacius fuel base activity      0.2   0.2     0.0%     1.6   1.3    23.1%  
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LNG terminal activity            5.5   5.4     1.9%    39.6  37.8     4.8%  
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Total:                           8.0   8.5    -5.9%    65.3  62.4     4.6%  
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         Marius Pulkauninkas, Director of Finance and Administration
Department, tel. 8 46 391763