Klaipedos Nafta AB - Notification on material event

Regarding the decisions of the Board of “Klaipėdos nafta” AB

On 02 March 2012, 11 a.m. AB „Klaipedos nafta“(hereinafter - Klaipedos nafta or
“the Company”) is planning to sign a contract on lease, operation and
maintenance (repair) of the floating liquefied natural gas storage and
regasification unit (hereinafter, the FSRU) for 10 years with the right to
redeem the FSRU with Höegh LNG Ltd., the winner of the public procurement
tender of AB Klaipėdos Nafta “Acquisition of a Floating Liquefied Natural Gas
Storage and Regasification Unit”. 


         Mantas Bartuška, Finance Director, 8 46 391 763