Klaipedos Nafta AB - Notification on material event

Regarding planned SC KLAIPEDOS NAFTA shares capital increase

On 9 January 2012 the Ministry of Energy of the Republic of Lithuania issued a
Draft Resolution to the Government proposing to increase share capital of SC
Klaipedos Nafta by LTL 45,49 million. 

The Ministry of Energy of LR - the owner of 70 % of the ordinary registered
shares of SC Klaipedos Nafta - intends to invest into the shares of the said
Company by the property in trust of PE Lithuanian Oil Product Agency - Subacius
Oil Products Terminal as an additional contribution provided that SC Klaipedos
Nafta will assume an obligation to lease a part of the property 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). The
issue price of the shares may be determined taking into account the market
share price as well as other factors therefore it can be greater than the par
value of a share. 


         Mantas Bartuška, Finance Director, 8 46 391 763