Klaipedos Nafta AB - Notification on material event

Lietuvos Energija, UAB has paid up the newly issued shares of UAB LITGAS, subsidiary of AB Klaipėdos Nafta

On 8 October 2013 Lietuvos Energija, UAB (private limited liability company,
code 301844044, with its registered office at Žvejų g. 14, Vilnius, Lithuania),
acting in accordance with the Share Subscription Agreement signed between UAB
LITGAS, a subsidiary of AB Klaipėdos Nafta (the “Company”), and Lietuvos
Energija, UAB, on 1 October 2013, paid up all newly issued ordinary registered
shares by UAB LITGAS (2 million units). 

As announced by the Company in its notification on material event from 20
September 2013, by the decision of the Company, acting as the sole shareholder
of UAB LITGAS, the authorised capital of UAB LITGAS is increased by LTL 2
million, that is exactly from LTL 1 million to LTL 3 million, by issuing 2
million ordinary registered shares of UAB LITGAS and granting the right to
subscribe for all these shares to Lietuvos Energija, UAB). The control over
LITGAS is being 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. After the increase of
the authorised capital, the Company shall own 1/3, whereas Lietuvos Energija,
UAB - 2/3 of all the shares and votes in the General Meeting of the
Shareholders of UAB LITGAS. The authorised capital of UAB LITGAS shall be deemed increased after the
registration of the amended Articles of Association of UAB LITGAS with the
Register of Legal Entities in accordance with the procedures provided for
within the legal acts of the Republic of Lithuania. 




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