Klaipedos Nafta - Notification on material event

Amended Articles of Association of Klaipėdos Nafta, AB registered

On 19 July 2016 Klaipėdos Nafta, AB (hereinafter, the “Company”) received
information that on 18 July 2016 the amended Articles of Association of
Klaipėdos Nafta, AB (hereinafter, the “Company”) had been registered with the
Register of Legal Entities of the Republic of Lithuania. 

On 8 June 2016 the Extraordinary Meeting of Shareholders decided to amend the
Articles of Association of the Company, by recasting the Articles of
Association in the new wording. 

The Articles of Association had been amended taking into account the
requirements set forth in the resolutions of the Government of the Republic of
Lithuania regarding governance of the state-owned companies, OECD Guidelines on
Corporate Governance of State-Owned Enterprises and NASDAQ OMX Vilnius Stock
Exchange Code of Listed Companies Governance. 

Enclosure:  Articles of Association of Klaipėdos Nafta, AB, registered on 18
July 2016 (14 pages). 




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

Attachments:

Articles of Association Klaipedos nafta AB_Translation.pdf