Klaipedos Nafta - Notification on material event

SC Klaipedos Nafta transhipment and revenue results for the March 2015

During March 2015 SC Klaipedos nafta (hereinafter - “the Company”) reloaded 354
thousand tons of petroleum products into its storage tanks of oil terminal and
Subacius fuel base (SFB), i.e. greater by 15.5 percent compared to March 2014,
when 306 thousand tons were reloaded. The reason for the transhipment increase
in March 2015 is that more petroleum products were delivered by SC Orlen
Lietuva and agreed for the additional petroleum products from Belarus owned by
the Belorussian Oil Company (BNK). 



During the first quarter of 2015 the Company reloaded 1,498 thousand tons of
oil products into its storage tanks, greater by 31.8 percent compared to the
same period of 2014 when 1,137 thousand tons were reloaded. 

In March 2015 in the Liquefied Natural Gas (LNG) Terminal of the Company one
LNG carrier has been accepted which delivered 65.95 thousand tons LNG and 518
thousand MWh (total during the first three month of 2015 1,399.5 thousand MWh)
of the natural gas were re-regasified and supplied to the natural gas
transmission system (this activity started to be carried out on 27 November
2014). 



The preliminary sales revenues of the Company's Oil terminal and Subacius fuel
base for March 2015 comprise EUR 3.2 million (LTL 11.1 million); greater by 0.5
percent compared to March 2014 (i.e. EUR 3.1 million or LTL 10.7 million). 

The preliminary sales revenues of the Company's LNG Terminal for March 2015
comprise EUR 5.4 million (LTL 18,6 million), which is equal to the one twelfth
of the sum of necessary LNG Terminal operation costs and return on investments
into LNG Terminal infrastructure for the year 2015, approved by the National
Commission for Energy Control and Prices. 



The preliminary sales revenues of SC Klaipedos Nafta oil terminal and SFB for
the first quarter of 2015 comprise EUR 10.4 million (LTL 35.9 million) and are
greater by 16.9 percent compared to the same period of 2014 (EUR 8.9 or LTL
30.7 million). 

Total preliminary revenue of the Company for the first quarter of 2015 comprise
EUR 26.6 million (LTL 91.8 million) while for the same period of 2014 it was
EUR 8.9 million (LTL 30.7 million). 


         Marius Pulkauninkas, Director of Finance and Administration
Department, tel. 8 46 391763