Klaipedos Nafta AB - Notification on material event

Regarding resolution of „Klaipėdos Nafta“ Supervisory Board

The Supervisory Board of SC Klaipedos Nafta (hereinafter referred to as the
Company) on 24 October 2011 resolved: 

  1. Recall two members of the Board of the Company - Virgilijus Poderys and
     Kęstutis Žilėnas from the Management Board of the Company.
  2. Elect Mindaugas Jusius, Rytis Ambrazevičius and Inga Černiuk as members of
     the Management Board of the Company.

It should be noted that SC Klaipėdos Nafta, the State being its main
shareholder, has become one of the first companies to include independent
members into its Management Board: Mindaugas Jusius - Manager of Swedbank Life
Insurance SE and Rytis Ambrazevičius - Vice President of company Omnitel. 

On 24 October 2011, Company Management Board elected vice minister of Energy
ministry Arvydas Darulis as Chairman of the Management Board. 


         Finance Director Mantas Bartuška, 8 46 391 763