Klaipedos Nafta AB - Notification on material event

CORRECTION: Regarding the planned increase of the share capital of KLAIPEDOS NAFTA, AB

Amendment: the last sentence added

On 9 January 2012 the Ministry of Energy of the Republic of Lithuania issued a
Draft Resolution of the Government proposing to invest into the assets of
KLAIPEDOS NAFTA, AB valued at LTL 45,49 million by increasing the authorised
capital of the Company. 

The Republic of Lithuania - the owner of 70,63 % of the ordinary registered
shares of KLAIPEDOS NAFTA, AB intends to invest into the assets of the said
Company in trust of PE Lithuanian Oil Product Agency, i.e. Subacius Oil
Products Terminal through the increase of the authorised capital of the Company
by an additional contribution provided that KLAIPEDOS NAFTA, AB will assume an
obligation to lease a part of the assets to PE Lithuanian Oil Product Agency as
necessary for accumulation and management of oil products and state oil
reserves in accordance with the requirements of legislative acts for the term
of at least 10 years. 

The authorized capital would be increased by additional contributions by
issuing new ordinary registered shares with the par value of LTL 1 (one litas).
The issue price of the shares may be determined taking into account the market
share price as well as other factors therefore it can exceed the par value of a
share. 

The Company will suggest the shareholders of KLAIPEDOS NAFTA, AB adopting
decisions ensuring that all Company's shareholders would have an opportunity to
take part in the increase of the authorised capital of the Company and to
maintain the share held in the authorised capital of the Company. 




         Mantas Bartuška, Finance Director, 8 46 391 763