Klaipedos Nafta AB - Notification on material event

Klaipėdos Nafta has signed an Agreement with the Advisor for the project of LNG Terminal - the company FLUOR

SC Klaipėdos Nafta has signed an Agreement with the Lead Advisor for
preparation and implementation of liquefied natural gas terminal's project -
the international company FLUOR. 

The Agreement provides for the Lead Advisor to work together for four years and
perform such tasks as - preparation of the technical development plan of the
Project, assistance in selection of technologies, performance of actions in
order to get obligatory permits, solution of the matters related to the safety
of the project, navigation as well as other issues associated with the
technical implementation of the Project. Simultaneously the Adviser will
perform works related to the economic part - will produce business model of the
Terminal, financial model and develop strategy of the Terminal's performance.
The Consultant will also supervise technical realization of the Project and
participate during the entire execution period of the Project until the very
start of the Terminal's activities - up to the year 2014. 

The concluded Agreement will be presented to the Management Board and
Shareholders meeting of SC Klaipėdos Nafta for the approval. 




         Johana Bučienė
         Chief Financier, 8 46 391 636