Klaipedos Nafta - Notification on material event

AB Klaipėdos nafta has selected the contractor for engineering and construction works (EPC) of the Klaipėda LNG reloading station and signed an EPC contract

AB Klaipėdos nafta thereby announces that the winner of the international
tender of AB Klaipėdos nafta “Engineering, procurement and construction works
(EPC) for Klaipeda liquefied natural gas reloading station” conducted by the
way of negotiations was selected consortium of PPS Pipeline Systems GmbH  and
Chart Ferox, a. s. (hereinafter – “Consortium”). 

Accordingly, on 12 February 2016 Consortium and AB Klaipėdos nafta concluded
EPC contract whereby the Consortium undertook to complete all the works
according to the contract on a lump sum amount of 27,7 mln. EUR excluding VAT
and the board of AB Klaipėdos nafta approved conclusion of the EPC contract.
The contract between AB Klaipėdos Nafta and Consortium will enter into full
force only if the general meeting of shareholders of AB Klaipėdos nafta approve
conclusion of the EPC contract. 




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