Klaipedos Nafta - Notification on material event

Notice on Convocation of an Extraordinary General Meeting of Shareholders of AB Klaipėdos nafta

Notice is hereby given that on the initiative and by the resolution of the
Board of AB Klaipėdos nafta, legal entity code 110648893, with the registered
office at Burių g. 19, Klaipeda (hereinafter, the Company), from 29 July 2016,
an extraordinary General Meeting of Shareholders of the Company will be held on
22 August 2016 at 1:00 p.m. The meeting will be held in the Company’s office at
Buriu st. 19, Klaipeda, in the administrative premises of the Company (in the
hall of the meeting on the 2nd Floor). 

Agenda of the meeting:

1. Regarding the approval of the decision of AB Klaipėdos nafta Board to
implement II stage of AB Klaipėdos nafta oil terminal expansion (supplementary
railway track and trestle, expansion of light oil product tanks) investment
project. 

The shareholders will be registered from 12.00 a.m. to 12.55 a.m. The persons
intending to participate in the meeting shall have a personal ID document (an
authorised representative shall have additionally a proxy approved under the
established procedure. The natural person’s proxy shall be notarised. A proxy
issued in a foreign state shall be translated into the Lithuanian language and
legalised under the procedure prescribed by laws). 

A shareholder or his proxy shall have the right to vote in writing in advance
by filling in a general ballot paper. At the request of the shareholder, the
Company shall send a general ballot paper to the shareholder by registered mail
free of charge at least 10 days before the meeting. The filled-in general
ballot paper and the document attesting the voting right shall be submitted to
the Company no later than until the meeting, sending by registered mail or
providing them at the address of the registered office of the Company indicated
in the notice. 

The shareholders who hold shares carrying at least 1/20 of all the votes may
propose additions to the agenda of the general meeting of shareholders by
submitting with every proposed additional item of the agenda a draft resolution
of the general meeting of shareholders or, when no resolution is required, an
explanation. Proposals on addition to the agenda shall be submitted in writing
or sent by e-mail. Written proposals shall be submitted to the Company on
business days or sent by registered mail at the address of the registered
office of the Company indicated in the notice. Proposals submitted by e-mail
shall be sent to the following e-mails: info@oil.lt and a.kasparas@oil.lt. The
agenda shall be supplemented if the proposal is received no later than 14 days
before the extraordinary general meeting of shareholders. If the agenda of the
general meeting of shareholders is supplemented, the Company shall notify on
the additions no later than 10 days before the meeting in the same ways as in
the case of convocation of the meeting. 

The shareholders, who hold shares carrying at least 1/20 of all the votes, at
any time before the general meeting of shareholders or during the meeting, may
propose new draft resolutions on items which are or will be included in the
agenda of the meeting. The proposals may be submitted in writing or sent by
e-mail. Written proposals shall be submitted to the Company on business days or
sent by registered mail at the address of the registered office of the Company
indicated in the notice. Proposals submitted by e-mail shall be sent to the
following e-mails: info@oil.lt and a.kasparas@oil.lt. 

The shareholders shall have the right to submit to the Company in advance
questions relating to the items on the agenda of the meeting. The shareholders
may submit their written questions to the Company on business days or send by
registered mail at the address of the registered office of the Company
indicated in the notice no later than 3 business days before the meeting. The
Company will reply to the questions by e-mail or in writing before the meeting,
except the questions which are related to the Company’s commercial (industrial)
secret, confidential information or which have been submitted later than 3
business days before the meeting. 

The Company does not provide the possibility of participating and voting at the
meeting by means of electronic communications means. 

The Shareholder shall have the right to authorize through electronic
communications means another person (natural or legal) to participate and vote
in the meeting on behalf of the shareholder. No notarisation of such
authorization is required. The shareholder must confirm the proxy issued
through electronic communications means by an electronic signature developed by
a secure signature-creation device and approved by a qualified certificate
effective in the Republic of Lithuania. The shareholder shall inform the
Company on the proxy issued through electronic communications means to the
following e-mails: info@oil.lt and a.kasparas@oil.lt no later than until the
last business day before the meeting at 1:00 p.m. The proxy and the notice must
be issued in writing. The proxy and the notice to the Company shall be signed
with the electronic signature but not the letter sent by e-mail. By submitting
the notice to the Company, the shareholder shall include the internet address
from which it would be possible to download software free of charge to verify
the shareholder’s electronic signature. 

The record date of the meeting shall be 12 August 2016 (only those persons who
will be shareholders of the Company at the close of the record date of the
general meeting of shareholders or their authorised persons, or persons with
whom an agreement on assignment of the voting right has been executed, may
participate and vote at the general meeting of shareholders). 

The shareholders of the Company may familiarise with the draft resolution of
the meeting and the form of the general ballot paper under the procedure
prescribed by laws in the registered office of the Company at Burių st. 19,
Klaipeda (tel.: 8 46 391636), or on the Company’s website at
http://www.oil.lt/. The following information and documents shall be provided
on the abovementioned internet website of the Company: 

- the notification on convocation of the meeting;

- total number of the Company’s shares and the number of shares with voting
rights on the convening day of the meeting. 

Enclosed:

1. Draft decision of the General Meeting of Shareholders.

2. General voting ballot paper of the General Meeting of Shareholders.


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

Attachments:

2 General Ballot Papper.pdf

1 Draft decisions.pdf