Klaipedos Nafta AB - Notification on material event

The record profit of SC Klaipėdos Nafta for the first half of 2011

The preliminary unaudited net profit for the first six months of 2011 of the
Company amounted to LTL 27.7 million (EUR 8.0 million), that means 57 percent
more than during the first half of 2010 when the profit of LTL 17.6 million
(EUR 5.1 million) was generated. 

Revenues of the Company during the first half of 2011 increased up to LTL 80.6
million (EUR 23.4 million) - 26 percent more if compared to the same period of
the last year ( LTL 63.9 million (EUR 18.5 million) during the first half of
2010)). 

As it has already been reported the increase of revenues during the first half
of 2011 was influenced by the significant factors such as operation without
intermediaries when after termination of cooperation with UAB „Naftos grupe“
the Company gained about LTL 5 million (EUR 1,4 million) additional earnings by
applying greater transshipment tariffs; - the implemented structural
reorganization in the commercial sphere which added LTL 4 million (EUR 1.2
million) earnings from additional services rendered to the clients as well as
successful sales in June of oil products recovered from bilge waters that
brought LTL 5.7 million (EUR 1.7 million). 










         Head of Accounting Division Johana Bučienė, 8 46 391636