Klaipedos Nafta AB - Notification on material event

The Company Concluded the Credit Agreement with the European Investment Bank

On 9 July 2013 Klaipėdos Nafta AB (hereinafter, the “Company”) has concluded
the Credit Agreement (hereinafter, the “Agreement”) with the European
Investment Bank (hereinafter, the “EIB”) regarding granting a credit of up to
EUR 87 million for the implementation of the project of the liquefied natural
gas terminal (hereinafter, the “Project”). Under the Agreement the EIB will
finance up to 50% of the Project implementation costs. 

According to the Agreement, the term of the credit is up to 20 years, interest:
floating or fixed, which particular rate will be provided in the European
Investment Bank's disbursement offer. The Agreement also provides that the
minimal payable amount of credit is EUR 15 million, and all the credit amount
must be paid to the Company in no more than 6 payments. 100% of the Company's
financial obligations under the Agreement shall be secured by a State
guarantee. 

Other material provisions of the Agreement and the Company's obligations
thereunder are provided in the Company's notification on material event of 2
July 2013. 


         Director of Finance and Administration Department, Mantas Bartuška,
+370 46 391 763