Klaipedos Nafta AB - Notification on material event

Appeals of AB Kauno Dujotiekio Statyba and UAB Šiaulių Dujotiekio Statyba, as well as of PPS Pipeline Systems GmbH were rejected

On 1 July 2013 AB Klaipėdos Nafta (hereinafter, the Company) received a ruling
from the Court of Appeal of Lithuania, whereby the appeals of AB Kauno
Dujotiekio Statyba and UAB Šiaulių Dujotiekio Statyba, as well as of PPS
Pipeline Systems GmbH against the judgement of the Klaipėda Regional Court,
dated 16 April 2013, were rejected (the Company notified about the progress of
the proceedings by giving notifications on material events on 29 January 2013,
8 March 2013, 17 April 2013 and 2 May 2013). In its ruling the Court of Appeal
of Lithuania admitted that the Company had not breached any legal requirements
when recognising the German concern PPS Pipeline Systems GmbH to be the winner
of the international procurement for engineering, procurement and construction
(EPC) of the natural gas pipeline system carried out by way of negotiations
with publication of a contract notice. 

The ruling of the Court of Appeal of Lithuania came into effect on the date of
its adoption (28 June 2013), but the process participants have the right to
file a cassation appeal to the Supreme Court of Lithuania within one month
after its effective date. 


         Mantas Bartuška, Director of Finance and Administration Department, 8
46 391 763