Klaipedos Nafta AB - Notification on material event

Regarding signing of the contract on lease of the Subačius fuel facilities

On 29 August 2012 AB Klaipėdos Nafta (hereinafter, the Company) and state
enterprise Lithuanian Oil Products Agency (hereinafter, the Agency) has signed
a lease contract for 10 (ten) years under which the assets forming the Subačius
fuel facilities, which are located in Kunčiai village and Subačius city,
Kupiškis district municipality, will be leased. This contract will come into
force on 3 September 2012. 

The parties agreed in the contract that the rent to be paid for lease of the
assets forming the Subačius fuel facilities will amount to LTL 2.10, plus the
VAT, from 2012 to 2016 and to LTL 4.10, plus the VAT, from 2017 to 2021 for
each ton of oil products stored during a month. The rate of the rent will be
indexed annually based on changes in the consumer price index. 


         Mantas Bartuška, Finance Director, 8 46 391 763