Klaipedos Nafta AB - Interim information

UNAUDITED INTERIM FINANCIAL STATEMENTS OF SC KLAIPĖDOS NAFTA FOR THE FIRST NINE MONTHS OF 2009

During the first nine of this year the Company:

- reloaded 5.54 million tones of oil products; it makes 78 per cent of the
total planned annual transshipment volume (it is planned to reload 7.1 million
tones during the year 2009 - this amount corresponds to the designed capacity
of the Terminal); 

- received 84 % (LTL 83.7 million or EUR 24.2 million) of the targeted annual
amount of sales income (the plan for 2009 - LTL 99.64 milion or EUR 28.9
million); 

- generated a pre-tax profit of LTL 31.2 million (EUR 9.0 million) (the plan
for 2009 - LTL 11.9 million or EUR 3.4 million). 

Under the prevailing conditions of economic recession with the decrease in
prices of energy resources (electric power, natural gas), the Company's
expenses have also reduced (the energy resources make one fifth of operating
expenses). Besides, a constant strict control of operating expenses has also
contributed to the profitable performance of the Company. 

According to the results of the first nine months the Company makes more
precise the announced rate of pre-tax profit and forecasts that the anticipated
pre-tax profit of 2009 will amount to LTL 35 million (EUR 10.1 million). 

If compared to the first nine months of 2008, the income during the first nine
of 2009 year received by 8 % less (sales income of the nine months of 2008
amounts to LTL 91.2 million or EUR 26.4 million) and the pre-tax profit
generated is by 4 % less (pre-tax profit of the nine months of 2008 is LTL 32.6
million or EUR 9.4 million). Income and profit of the Company is directly
influenced transshipment of oil products by 11 % less during the first nine
months (the Company reloaded 6.24 million tones during the nine months of
2008). 
The transshipment of oil products during the first nine months was affected by
the decreased fuel oil flow from Byelorussian and Russian Oil Refineries during
January and February due to the Byelorussian Government' aim to accumulate fuel
oil reserves for domestic market as well as the decreased demand for oil
products on the global market. 


ATTACHED: CONFIRMATION OF RESPONSIBLE PERSONS and UNAUDITED INTERIM FINANCIAL
STATEMENTS OF SC KLAIPĖDOS NAFTA FOR THE FIRST NINE MONTHS OF 2009. 

Irena Barauskaite-Gaiziuniene
+370 46 391 626

Attachments:

2009_9m_fana_en.pdf