Klaipedos Nafta AB - Notification on material event

The First Meeting of the New Supervisory Council of Klaipėdos Nafta, AB, held on 18 March 2013

On 18 March 2013 the first meeting of the new Supervisory Council of the
Company was held. During this meeting the Deputy of the Law Division and Acting
Chancellor of the Ministry of Energy and the representative of the Ministry of
Energy of the Republic of Lithuania, which implements the rights of the
shareholder of Klaipėdos nafta, AB - the Republic of Lithuania, that owns 72.32
per cent of all the shares of the Company, Agnė Amelija Kairytė, had been
elected as the Chairman of the Supervisory Council of the Company. 

During its first meeting the Supervisory Council had, as well, recalled the
Audit Committee of the Company in corpore and for the term of 4 years has
elected the new Audit Committee. Linas Sasnauskas and Simonas Rimašauskas were
chosen as the independent members of the Audit Committees for the new term and
Eimantas Kiudulas had also been elected to the Audit Committee for one more
term. 






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