Klaipedos Nafta - Notification on material event

AB Klaipėdos Nafta has terminated the Overdraft Facility Agreement

AB Klaipėdos Nafta (the “Company”) informs that considering the intent to
assign and pledge claim rights as approved by decision of extraordinary general
meeting of shareholders of the Company which took place on 15 October 2014, the
Company has terminated the Overdraft Agreement of 6 February 2013 (the
“Agreement”) concluded with Nordea Bank Finland Plc (the “Bank”) as well as the
agreement securing the performance thereof (assignment of claim rights) by
mutual agreement as of 16 October, 2014. 

The Agreement has been concluded in order to acquire short term financing for
the implementation of the project of liquefied natural gas terminal, but during
the whole duration of the Agreement, the Company has not used financing under
the Agreement. The Company notified of the conclusion and the main terms of the
Agreement in its notification on material event dated 7 February, 2013. 

Currently the Company has secured long term financing of the project by loan
agreement, dated 9 July, 2013, concluded with European Investment Bank, which
was notified in the notification on material event dated 9 July, 2013. 




         General Manger Mantas Bartuška, (+ 370 46) 391 772