Klaipedos Nafta - Notification on material event

SC Klaipedos Nafta transhipment results in June 2014

The preliminary sales revenues of SC Klaipedos nafta (hereinafter - “The
Company”) for the June 2014 comprise LTL 7.9 million (EUR 2.3 million); that is
less by 7.1 percent compared to June 2013 (i.e. LTL 8.5 million or EUR 2.5
million). 

During the June 2014 the Company reloaded 404 thousand tons of oil products
into its storage tanks while during the June 2013 - 440 thousand tons, i.e.
lower by 8.2 percent. 

The preliminary sales revenues of the Company during six months of 2014
comprise LTL 57.8 million (EUR 16.7 million) and are lower by 19.8 percent
compared to the same period of 2013 (LTL 72.1 or EUR 20.9 million). 

The Company during six months of 2014 reloaded 2,499 thousand tons of oil
products into its storage tanks, while during six months of 2013 - 3,566
thousand tons. The transhipment during six months of 2014, compared to the same
period of 2013, is lower by 29.9 percent. 

The reduced transshipment was influenced mainly by the fact that the major
client of the Company AB Orlen Lietuva delivered less products in the terminal
as a result of reduced manufacturing volume of oil products in connection with
the dropped oil product margins. 


         Mantas Bartuška, Director of Finance and Administration Department,
tel. 8 46 391763