Klaipedos Nafta - Notification on material event

SC Klaipedos Nafta preliminary transhipment and revenue results for the June 2016

During June 2016 SC Klaipedos Nafta (hereinafter – the Company) reloaded 710
thousand tons of petroleum products into its storage tanks of Klaipeda oil
terminal and Subacius fuel base (SFB), i.e. grater by 12.0 per cent compared to
June 2015, when 634 thousand tons were reloaded. 

During the six months of 2016 the Company in total reloaded 4,425 thousand tons
of petroleum products into its storage tanks or greater by 32.9 per cent
compared to the same period of 2015 when 3,329 thousand tons were reloaded. The
transhipment growth is mainly affected by the increased petroleum products
freights from Byelorussia and increased transhipment volumes of SC ORLEN
Lietuva. 

During June 2016 in the Liquefied Natural Gas (LNG) Terminal of the Company
1,323 thousand MWh of the natural gas were re-gasified and supplied to the
natural gas transmission system, i.e. grater by 3.8 times compared to June
2015, when 351 thousand MWh where re-gasified. During six months of 2016 the
Company re-gasified 9,207 thousand MWh of the natural gas, i.e. grater 3.5
times compared to the same period of 2015 when 2,640 thousand MWh natural gas
was re-gasified. 

The sales revenue of SC Klaipedos Nafta oil terminal and SFB for the June 2016
comprise EUR 4.0 million that is grater by 29.0 per cent compared to the
revenue of June 2015 (Eur 3.1 million). The preliminary sales revenues for the
first half of 2016 of the Company’s oil terminal and SFB comprise EUR 23.7
million and are greater by 10.2 per cent compared to the same period of 2015
(EUR 21.5 million). 

The preliminary sales revenues of the Company’s LNG Terminal for June 2016
comprise EUR 5.5 million (June 2015 – EUR 5.4 mln., increase by 1.9 per cent),
which comprise from the liquefaction activity revenues and regasification
tariff revenues for the period calculated based on the tariffs approved by the
Energy Control and Prices. The preliminary revenue of the LNG terminal for the
first half of  2016 comprise EUR 34.1 million and it’s grater by 5.2 per cent
compared to the same period 2015 (EUR 32.4 mln.). 

Total preliminary sales revenues of the Company for the first half of 2016
comprise EUR 57.8 million, i.e. 7.3 per cent grater compared to same period
2015 (EUR 53.9 million). 

Petroleum products transshipment and LNG re-gasification:

                                             June             January – June    
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                                      2016  2015  Change,   2016   2015  Change,
                                                     %                      %   
--------------------------------------------------------------------------------
Petroleum products transshipment,     710    634   12.0%   4,425  3,329   32.9% 
 thousand tons                                                                  
--------------------------------------------------------------------------------
LNG re-gasification, thousand MWh    1,323   351   276.9%  9,207  2,640   248.8%
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Preliminary revenues of the Company, EUR million:

                                         June             January – June    
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                                2016  2015  Change, %  2016  2015  Change, %
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Klaipeda oil terminal activity   3.8   2.9    31.0%    22.3  20.4     9.3%  
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Subacius fuel base activity      0.2   0.2     0.0%     1.4   1.1    27.3%  
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LNG terminal activity            5.5   5.4     1.9%    34.1  32.4     5.2%  
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Total:                           9.5   8.5    11.8%    57.8  53.9     7.2%  
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         Marius Pulkauninkas, Director of Finance and Administration
Department, tel. 8 46 391763