Klaipedos Nafta - Notification on material event

Notice on the convened extraordinary general meeting of shareholders of Klaipėdos Nafta AB

We hereby inform you that on the initiative and by the decision of the Board of
AB Klaipėdos nafta, code 110648893, registered at Burių st. 19, Klaipėda
(hereinafter, the “Company”), an extraordinary general meeting of shareholders
of the Company was convened on 14 December 2015 at 10.00 a.m. The meeting was
held in the registered office of the Company at Burių st.19, Klaipėda. 

Agenda of the meeting:

1. Regarding the approval of the resolution of the Board of AB Klaipėdos Nafta
to guarantee for the obligations of the third persons. 

Decision adopted:

“To approve the decision of AB Klaipėdos Nafta’s Board:

1. Acting together with the wholly-owned subsidiary to be established by AB
Klaipėdos Nafta, the name of which is going to be UAB SGD logistika, to enter
into a joint venture agreement with Bomin Linde LNG GmbH & Co. KG, limited
partnership, established and acting under the laws of Germany, registration
code HRA 1115369, registered address at Dornbusch 2, 20095, Hamburg, Germany,
agreeing in this joint venture agreement inter alia as follows: 

1.1. the wholly-owned subsidiary to be established by AB Klaipėdos Nafta, the
name of which is going to be UAB SGD logistika, and Bomin Linde LNG GmbH & Co.
KG: 

1.1.1. shall cooperate in establishing a joint venture, which would rent and
operate a liquefied natural gas bunkering carrier; 

1.1.2. the wholly-owned subsidiary to be established by AB Klaipėdos Nafta, the
name of which is going to be UAB SGD logistika, will have a possibility to use
a part of the capacities of the liquefied natural gas bunkering carrier and
will cover a part of the costs of the joint venture, taking into account the
rules set out in the joint venture agreement. 

1.2. AB Klaipėdos Nafta shall guarantee to Bomin Linde LNG GmbH & Co. KG for
the fulfilment of the obligations by the wholly-owned subsidiary to be
established by AB Klaipėdos Nafta, the name of which is going to be UAB SGD
logistika, under the joint venture agreement and other arrangements in
connection with this agreement for the entire effective term of the joint
venture agreement, up to USD 14,000,000. 

2. For AB Klaipėdos Nafta to guarantee, under a first demand guarantee, for the
obligation of the joint venture to be established by the wholly-owned
subsidiary to be established by AB Klaipėdos Nafta, the name of which is going
to be UAB SGD logistika, and Bomin Linde LNG GmbH & Co. KG, which would rent
and operate a liquefied natural gas bunkering carrier, to pay the rent for the
carrier to the extent that the wholly-owned subsidiary to be established by AB
Klaipėdos Nafta, the name of which is going to be UAB SGD logistika, undertakes
to pay such a rent, up to USD 13,000,000. 

3. To authorize General Manager of AB Klaipėdos nafta to sign agreements
regarding issue of guarantees pursuant to the main conditions approved in
Clause 1.2 and Clause 2 of this Board decision.” 




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