Klaipedos Nafta - Notification on material event

AB Klaipėdos Nafta preliminary activity and revenue results for the April 2017

During April 2017 AB Klaipėdos Nafta (hereinafter – the Company) reloaded 435
thousand tons of petroleum products into its storage tanks of Klaipėda and
Subačius oil terminals, i.e. less by 16.0 per cent compared to April 2016, when
518 thousand tons were reloaded. The decline in transhipment volume is related
with reduce of transit cargos from Belorussia refineries. 

During the first four months of 2017 the Company in total reloaded 1,988
thousand tons of petroleum products into its storage tanks or less by 30.0 per
cent compared to the same period of 2016 when 2,840 thousand tons were
reloaded. 

In the Liquefied Natural Gas (LNG) terminal of the Company during April 2017
re-gasified and supplied to the natural gas transmission system total 1.436
thousand MWh of the natural, while in April 2016 - 1.390 thousand MWh. During
the first four months of 2017 the Company in total re-gasified and reloaded
2,977 thousand MWh of the natural gas (during the same period of 2016 - 6,478
thousand MWh). The LNG terminal activity level is lower in relation with lower
capacities ordered by the terminal users. 

The preliminary sales revenues for April 2017 of Klaipėda and Subačius oil
terminals comprise EUR 2.2 million and are less by 31.3 percent compared to the
same period of 2016 (EUR 3.2 million). The preliminary sales revenues for
January-April 2017 of the Company’s oil terminals comprise EUR 10.9 million and
are less by 29.0 per cent compared to the same period of 2016 (EUR 15.3
million). 

The preliminary sales revenues of the Company’s LNG Terminal for April 2017
comprise EUR 5.5 million (April 2016 – EUR 4.9 million). These revenues
comprise from the part of security supplement dedicated for compensation of LNG
terminal exploitation expenses, as well as regasification and reloading
tariffs. The preliminary revenues of the LNG terminal for the first four months
of 2017 comprise EUR 24.0 million and increased by 4.3 per cent compared to the
same period of 2016 (EUR 23.0 million). 

Total preliminary sales revenues of the Company for the first four months of
2017 comprise EUR 34.9 million, i.e. 9.0 per cent less compared to same period
2016 (EUR 38.3 million). 

Petroleum products transshipment and LNG re-gasification and reloading

                                            April             January – April   
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                                     2017   2016  Change,   2017   2016  Change,
                                                     %                      %   
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Petroleum products transshipment,    435    518    -16.0%  1,988  2,840   -30.0%
 thousand tons                                                                  
--------------------------------------------------------------------------------
LNG re-gasification and reloading,  1,436  1,390   3.3%    2,977  6,478   -54.0%
 thousand MWh                                                                   
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Preliminary revenues of the Company, EUR million

                                        April             January – April   
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                                2017  2016  Change, %  2017  2016  Change, %
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Klaipėda oil terminal activity   2.0   3.0   -33.3%    10.1  14.4   -29.9%  
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Subačius oil terminal activity   0.2   0.2     0.0%     0.8   0.9   -14.4%  
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LNG terminal activity            5.5   4.9    12.2%    24.0  23.0     4.3%  
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Total:                           7.7   8.1    -4.9%    34.9  38.3    -9.0%  
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         Marius Pulkauninkas, Director of Finance and Administration Department,
         tel. 8 46 391763