Klaipedos Nafta - Notification on material event

3 out of 5 Board members, stipulated in the Articles of Association of AB Klaipėdos Nafta, are acting

We hereby inform that due to the resignation from the office of the AB
Klaipėdos Nafta’s (hereinafter – the Company) independent Board member Rytis
Ambrazevičius, as of the 1st of December 2016, 3 out of 5 Board members,
stipulated in the Articles of Association of the Company, are acting,
accordingly the Board does not have a quorum of no less than 2/3 of the Board
members, members of the Board shall not attend the meetings of the Board and
decisions of the Board cannot be adopted. 

Currently the selection of 2 independent Board members is being performed by
the Committee for Selection of Independent Board Member Candidates of the
Company, formed by the Supervisory Board of the Company. 


         Marius Pulkauninkas, Director of Finance and Administration
Department, +370 46 391 763