Klaipedos Nafta AB - Notification on material event

The Company has transferred the LNG procurement to its subsidiary UAB LITGAS

On 10 September 2013 AB Klaipėdos Nafta (hereinafter, the Company) and UAB      
 LITGAS (hereinafter, LITGAS) signed the Agreement on Transfer - Acceptance of  
 LNG Procurement (hereinafter, the Agreement), whereby the Company transferred  
 all the functions, rights and obligations of the Company in connection with    
 liquefied natural gas (hereinafter, LNG) trade and natural gas supply          
 activities to LITGAS as from the Agreement signature date.                     
Following the Agreement, LITGAS, which is a subsidiary established by the       
 Company for performance of the LNG trade and natural gas supply activities,    
 will continue LNG procurement, the purpose of which is to enter into the LNG   
 procurement contract. 16 companies have expressed their interest in            
 participating in the LNG procurement, a public notice of which was given by the
 Company in October 2012.                                                       
It is planned that the control over LITGAS will soon be transferred to Lietuvos 
 Energija, UAB following Resolution No. 730 of the Government of the Republic of
 Lithuania, dated 21 August 2013, in order to implement the requirements of the 
 Third Energy Package of the European Union regarding natural gas and           
 electricity markets of the European Union and of the Law of the Republic of    
 Lithuania on Electricity to unbundle energy supply and production and energy   
 transmission activities.                                                       






         Mantas Bartuška, Director of the Finance and Administration
Department, +370 46 391 763