Klaipedos Nafta AB - Notification on material event

Regarding adjournment of subscription of shares of Klaipėdos nafta AB

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN
OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION
IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE
APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE STOCK EXCHANGE
RELEASE. 

Klaipėdos Nafta AB (hereinafter, the Company), acting under the prospectus,
approved by the Bank of Lithuania on 23 May 2012 (decision (certificate) on
approval of the prospectus No. 241-20, hereinafter, the Prospectus), informs
that on 11 June 2012 the term foreseen for subscription of new shares of the
Company, being issued in accordance with the decisions of the general meeting
of shareholders of the Company, held on 27 April 2012 has adjourned. 

During the subscription period the shareholders of the Company, that at the
close of the property rights record date of the general meeting of shareholders
of 27 April 2012 (i.e. at the close of 14 May 2012) owned shares issued by the
Company, exercising the pre-emptive right in total subscribed for and fully
paid (the term of payment adjourned on 12 June 2012) 38,606,184 newly issued
shares of the Company. 



IMPORTANT NOTICE:

This notification is not for distribution to United States newswire services or
for dissemination in the United States, Canada, Japan or Australia or elsewhere
where such dissemination is not appropriate. 

Distribution of this announcement and other information in connection with the
offering of new shares of the Company may be restricted by law in certain
jurisdictions. Persons into whose possession this announcement or such other
information should come are required to inform themselves about and to observe
any such restrictions. 

No offer or invitation to acquire securities of the Company is being made by or
in connection with this notification. Any such offer was made solely by means
of the Prospectus and the Prospectus is the only legally binding document
containing information on the Company and on the offering of the Company's
shares to current shareholders of the Company. The Prospectus is published
through GlobeNewswire, the on-line information system of AB NASDAQ OMX Vilnius,
and on the Company's website www.oil.lt. 

Furthermore, these shares of the Company being newly issued based on the
decisions of shareholders of the Company of 27 April 2012 and on the Prospectus
were offered exclusively in the Republic of Lithuania and only to current
shareholders of the Company in accordance with the Directive 2003/71/EC of the
European Parliament and of the Council of 4 November 2003 on the prospectus to
be published when securities are offered to the public or admitted to trading
and amending Directive 2001/34/EC, as implemented in Lithuania. 

Shares of the Company have not been and will not be registered under the US
Securities Act of 1933, as amended, or according to any legal acts, regulating
market of securities of the US states or of other jurisdictions of the US and
may not be offered or sold in such jurisdictions, unless they would be
registered in accordance with the applicable laws or in case the relevant
exemptions of such registration would be applied. No public offering of the
securities will be made in the US. 


         Mantas Bartuška, Finance Director, 8 46 391 763