Klaipedos Nafta AB - Notification on material event

AB Klaipėdos Nafta has concluded the Overdraft Facility Agreement

On 6 February 2013 AB Klaipėdos Nafta (hereinafter, the “Company”) concluded
the Overdraft Facility Agreement with the winner of the public procurement
“Procurement of Overdraft Services” by way of negotiated procedures with
publication of a tender notice Nordea Bank Finland Plc (hereinafter, the
“Bank”). On the intention to announce the procurement of the aforementioned
financial service the Company notified on 16 October 2012, on announcement
thereof - on 9 November 2012 and on the winner of the procurement - on 18
January 2013, by announcing the notifications on material event. 

The main conditions of the signed Overdraft Facility Agreement inter alia
include the following: 

(i) amount of the overdraft - LTL 120,000,000 (one hundred and twenty million).
Upon the unilateral request of the Company, the amount of the overdraft may be
increased by 30%, i.e. up to LTL 156,000,000 (one hundred and fifty six
million); 

(ii) the overdraft is provided for a term until 30 June 2015, with a
possibility to extend the agreement for an additional term of 12 months under
conditions which may not be worse; 

(iii) the overdraft interest: the base interest rate - 3 months' VILIBOR and
the Bank's interest margin - no more than 0.94%. 

The Company also informs that according to the agreement the overdraft payment
terms are provided, which inter alia will include the formalization of the
securities for the obligations of the Company - conclusion of the agreement for
assignment of the rights of claim to the receivable funds intended for covering
all or some of the expenses of installation of the liquefied natural gas
terminal, its facilities and the connection. 

Furthermore without the advance consent of the Bank the obligation not to pay
dividends to the shareholders of the Company until provision of the deed of
completion of construction of the liquefied natural gas terminal to the Bank is
foreseen in the Overdraft Facility Agreement. This provision would come into
effect after the Government of the Republic of Lithuania passes a resolution
establishing that the manager of the shares in AB Klaipėdos Nafta owned by the
Republic of Lithuania has the right to take (or is authorized to take)
decisions for AB Klaipėdos Nafta not to pay dividends till the receipt of the
deed of completion of construction of the liquefied natural gas terminal
project. 

The Agreement shall enter into force upon the approval of the general
shareholder meeting of Klaipėdos nafta, AB, as provided for in Article 16.10 of
the Articles of Association of Klaipėdos nafta AB. 




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