Klaipedos Nafta - Notification on material event

An agreement on assignment of claim rights and a maximum pledge agreement concluded with Hoegh LNG Klaipėda, UAB

On 11 December 2014 AB “Klaipėdos nafta” (hereinafter, the  Company) concluded
an agreement on assignment of claim rights and a maximum pledge agreement with
Hoegh LNG Klaipėda, UAB in accordance with the decision of the board of the
Company, dated 19 September 2014, and approved by general meeting of
shareholders on 15 October 2014. 

The said agreements are intended to secure obligations of the Company to Hoegh
LNG Klaipeda under the Time Charter Party (Lease of a Floating Storage and
Regasification Unit in conjunction with maintenance and operation services)
agreement concluded on 2 March 2012. 

More detailed information on the terms of the maximum pledge agreement and an
agreement on assignment of claim rights was provided in the notification, dated
15 October 2014, on a decision of an extraordinary general meeting of
shareholders. 


         Marius Pulkauninkas, Director of Finance and Administration
Department, 8 46 391 763