Klaipedos Nafta AB - Notification on material event

AB Klaipėdos Nafta has selected the Contractor for Natural Gas Pipeline System

AB Klaipėdos Nafta has selected the Contractor for Natural Gas Pipeline System
Engineering, Procurement and Construction (EPC) Works 

21.20.2012 Klaipėdos Nafta, AB has declared Kauno dujotiekio statyba, AB and
Šiaulių dujotiekio statyba, UAB consortium the winner of its international
tender “Procurement of Engineering, Procurement and Construction (EPC) Works
for Natural Gas Pipeline System” was selected. 

During the implementation of the international tender of Klaipėdos Nafta, AB
“Procurement of engineering, procurement and construction (EPC) works for
natural gas pipeline system” 2 final tender offers were submitted by 20
December 2012. Upon evaluation of the final tender offers according to the
lowest price criterion, Kauno dujotiekio statyba, AB and Šiaulių dujotiekio
statyba, UAB consortium was declared to be the winner, who committing to
perform all construction works for the total amount of 137,999,391.00 LTL
excluding VAT. 

On 21.12.2012 the Board of Klaipėdos nafta, AB has approved the conclusion of
the particular contract and took following decisions: 

1.    to conclude the contract for Natural Gas Pipeline System Engineering,
Procurement and Construction (EPC) Works, necessary in constructing the
connection between the Liquefied Natural Gas (LNG) Terminal's embankment within
the port area of Klaipėda State Sea Port (near the northern part of Kiaulės
nugara island) and Lithunian natural gas transportation system (hereinafter
referred to as the Contract) with the winner of Klaipėdos nafta, AB
international public tender, conducted by a way of public negotiations “Natural
Gas Pipeline System Engineering, Procurement and Construction (EPC) Works”, who
proposed the lowest price for all the scope of works - the consortium of Kauno
dujotiekio statyba, AB and Šiaulių dujotiekio statyba, UAB. 

2.    the total fixed price for all the works under the Contract shall be
137,999,391.00 Lt (one hundred thirty seven millions nine hundred ninety nine
thousands three hundred and ninety one litas) without VAT and 166,979,263.10 Lt
(one hundred sixty six millions nine hundred seventy nine thousands two hundred
sixty three litas and ten cents) with VAT, that at the day of the conclusion of
the Contract is equal to 21 percent. This fixed price can increase only in the
exclusive cases provided for in the Contract. Klaipėdos nafta, AB shall be
paying the indicated fixed sum only for the actual works performed under the
Contract. 

3.    All the works under the Contract shall be finished till 1 October 2014.
The performance terms may only be extended in the exclusive cases set forth in
the Contract. 

4.    all these decisions of the Bord of the Company shall enter into their
full force only if the General Meeting of Shareholders of Klaipėdos Nafta, AB
approves the conclusion of the contract (as provided in Article 16.10 of the
Articles of Association of Klaipėdos nafta, AB) and the Contract with the
winner shall be concluded only after expiry of the obligatory 15 days' period
of deferment (Article 2.22  of the Public Procurement Law of the Republic of
Lithuania). 

The Board of the Company also decided to call the General Meeting of the
Shareholders of the company on 25.01.2013 1:00 p.m. and at its registered seat
19 Str .Burių, LT-91003 Klaipėda, Lithuania. 






         Mantas Bartuška, Finance Director, +370 46 391 763