Klaipedos Nafta AB - Notification on material event

The Mandate of the Board of Klaipėdos Nafta, AB, renewed

We hereby inform that on 29 April 2014 the Supervisory Council of Klaipėdos
nafta, AB, code 110648893, registered at Burių st. 19, Klaipėda (hereinafter,
the “Company”), as well, adopted the following decision: 

  -- To renew the mandate of the acting Board of Klaipėdos nafta, AB, consisting
     of the following Board Members - Valdas Lastauskas, Rokas Masiulis, Rytis
     Ambrazevičius and Mindaugas Jusius, for the term set forth within the
     Bylaws of the Company (4 years) or until the time, when the new Board is
     elected and starts acting.

The Company additionally informs that the Board members, Rytis Ambrazevičius
and Mindaugas Jusius, are to be considered the independent Members of the
Board. The Board member, Rokas Masiulis, is also the General Manager of
Klaipėdos nafta, AB. 




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