Klaipedos Nafta - Notification on material event

The Company concluded the Credit Agreement with the Nordic Investment Bank

On 27 November 2014 Klaipėdos Nafta AB (hereinafter, the “Company”) has
concluded the Credit Agreement (hereinafter, the “Loan contract”) with the
Nordic Investment Bank (hereinafter, the “NIB”) regarding granting a credit of
up to EUR 34 754 402 (thirty four million seven hundred fifty four thousand and
four hundred two euros) for the implementation of the project of the liquefied
natural gas terminal (hereinafter, the “Project”). 

According to the Loan contract, the term of the credit is up to 20 years,
interest: floating, which particular rate will be provided in the NIB
disbursement offer. The Loan contract also provides that the minimal payable
amount of credit is EUR 7 million, and all the credit amount must be paid to
the Company in no more than 5 payments. 100% of the Company's financial
obligations under the Loan contract shall be secured by a State guarantee. 

Other material provisions of the Loan contract and the Company's obligations
thereunder are provided in the Company's notification on material event of 11
November 2014. 


         Director of Finance and Administration Department, Marius
Pulkauninkas, +370 46 391 763