Klaipedos Nafta AB - Notification on material event

AB Klaipėdos Nafta received the court’s notification on the complaint of AB Achema concerning the resolutions of the National Control Commission for Prices and Energy

AB Klaipėdos Nafta (hereinafter, the Company) received a notification of 29
January 2013 from the Vilnius Regional Administrative Court (hereinafter, the
Court) regarding filing of a response to the complaint of AB Achema
(hereinafter, Achema) concerning the resolutions of the National Control
Commission for Prices and Energy (hereinafter, the NCCPE). The Company is
involved in the case as a third person concerned. 

In its complaint Achema asks to annul the following:

1.Paragraphs 3.1 and 4 of Resolution No. O3-317 of the NCCPE “Regarding the
establishment of the funds for 2013 intended for compensation, in full or in
part, for expenses of the construction and operation of the liquefied natural
gas terminal, its infrastructure and the connection”, dated 19 October 2012. By
the said paragraphs the NCCPE determined the funds for 2013, intended for
compensation of the expenses (in full or in part) of the construction of the
liquefied natural gas terminal (hereinafter, the LNGT), its infrastructure and
the connection (LTL 113,798,000) and for covering of the LNGT funds
administration expenses (LTL 302,000) and established that the NCCPE has the
right to adjust such amounts of expenses in case of changes in essential
circumstances, which have a significant effect on the funding and
implementation of the SGDT. The Company informed about this Resolution by
giving a notification on material event on 19 October 2012. 

2.Paragraph 2 of Resolution No. O3-330 of the NCCPE “Regarding the adjustment
of the upper limits of the natural gas transmission and distribution prices of
AB Lietuvos Dujos and establishment of an additional and integral component of
the upper limit of the natural gas transmission price (LNGT premium) for 2013.”
dated 26 October 2012. By the said paragraph, the NCCPE established an
additional and integral component of the upper limit of the natural gas
transmission price (LNGT premium), which is intended for compensation of the
expenses of construction of the LNGT, its infrastructure and the connection in
2013 (LTL 37.53 for 1,000 m3 (value added tax exclusive)). 

The Company will inform about the further progress of the proceedings by giving
notifications on material events. 


         Mantas Bartuška, Director of the Finance and Administration
Department, 8 46 391 763