Klaipedos Nafta AB - Notification on material event

Regarding the renewal of procurement procedure of engineering, procurement and construction works for natural gas pipeline system (EPC) and selection of supplier

On 16 April 2013 the Court of Appeal of Lithuania lifted the interim measures
imposed on AB Klaipėdos Nafta (hereinafter, the Company), whereby the
international procurement “Procurement of engineering, procurement and
construction works for natural gas pipeline system (EPC)” performed under the
negotiated procedure with a publication of notice (hereinafter, the
Procurement) was suspended. 

Two final tender offers were received in the Procurement procedures performed
by the Company. 

Upon evaluation of the final tender offers according to the economically most
beneficial criterion, on 18 April 2013 the German concern PPS Pipeline Systems
GmbH that offered to perform the works for LTL 94,840,000, VAT excl., has been
declared to be the winner. The price offered by the consortium of AB Kauno
Dujotiekio Statyba and UAB Šiaulių Dujotiekio Statyba, which was the second in
the ranking of offers, was LTL 113,481,000, VAT excl. The Company has sent an
invitation to PPS Pipeline Systems GmbH to conclude a public procurement
contract which will be signed after the period of deferment of 15 days which is
applicable to the conclusion of the public procurement contract. 

The contract between the Company and PPS Pipeline Systems GmbH will enter into
full force only if the Board and the General Meeting of Shareholders of the
Company approve of the conclusion of the contract. 

The Company announced about the imposed interim measures and suspension of the
Procurement procedures on 8 March 2013 by making a notification on the material
event.  Mantas Bartuška, Director of the Finance and Administration
Department, 8 46 391 763