Klaipedos Nafta AB - Notification on material event

SC Klaipedos Nafta transhipment results in November 2013

The preliminary sales revenues of the Company during eleven months of 2013
comprise LTL 116.0 million (EUR 33.6 million) and are lower by 5.1 percent
compared to the same period of 2012 (LTL 122.2 or EUR 35.4 million). The
Company during eleven months of 2013 reloaded 5,454 thousand tons of oil
products into its storage tanks, i.e. by 12.1 percent less than during eleven
months of 2012 (6,208 thousand tons). 

The preliminary sales revenues for November 2013 amounts to LTL 9.6 million
(EUR 2.8 million); or less by 27.8 percent less if compared to November 2012
(i.e. LTL 13.3 million or EUR 3.9 million). 

During November 2013 the Company reloaded 304 thousand tons of oil products
into its storage tanks, i.e. by 50.6 percent less than in November 2012 (615
thousand tons). The reduced transshipment was influenced mainly by two reasons:
1) the main client AB Orlen Lietuva reduced volume of oil products delivered in
the terminal as the demand of oil products increased in Inland markets where
the major part of products were directed to; and 2) due to decrease of fuel oil
export from Mozyr Oil Refinery that was a result of about 40% lower crude
supply to this refinery during October and November. 


         Mantas Bartuška, Director of Finance and Administration Department,
tel. +370 46 391763