Klaipedos Nafta AB - Notification on material event

KN: Procedure for the payout of dividends for the year 2009

On 27 April 2010, the Annual General Meeting of Shareholders of SC Klaipedos
Nafta (code 110648893, registered address: Burių str.19, Klaipeda, Lithuania)
decided to allocate the Company's profit for the year 2009 and to pay out  LTL
0.05  dividend per share. 

Dividends will be paid to the shareholders who at the end of the tenth business
day following the day of the Annual General Meeting that adopted a decision on
dividend payment, i.e. on 11 May 2010 will be shareholders of SC Klaipedos
Nafta. 

From 18 May 2010 the dividends will be paid out in the following order: 

- to the shareholders, whose SC Klaipedos Nafta shares are accounted by a
financial brokerage company or credit institutions, which provide securities
accounting services, the dividend amount, after deduction of Personal or
Corporate withholding income tax applicable by the laws of Lithuania, will be
transferred to the shareholders' accounts held with a respective financial
brokerage  company or credit institution; 

- to the shareholders, whose SC Klaipedos Nafta shares on behalf of the Company
are accounted by the authorised custodian AB SEB Bank, the dividend amount,
after deduction of Personal or Corporate withholding income tax applicable by
the laws of Lithuania, will be transferred to the shareholders' accounts with
AB SEB Bank or the accounts with any other Lithuanian commercial bank as
indicated by the shareholders (requests with account indications should be
submitted to 
any branch of SEB Bank). 

Dividends for the year 2009 will be taxed in the following order:

- dividends paid to natural persons-residents of the Republic of Lithuania and
natural persons-residents of foreign countries are subject to withholding
Personal income tax of 20 per cent; 

- dividends paid to legal entities of the Republic of Lithuania and legal
entities-residents of foreign countries are subject to withholding Corporate
income tax of 15 per cent, unless otherwise provided for by the laws. 

Residents of the foreign countries, which have concluded agreements on
Avoidance of Double Taxation with the Republic of Lithuania, could take
advantage of reduced tariffs provided by such agreements by submitting Claim
for Reduction or Exemption from the Anticipatory Tax Withheld at Source, form
FR0021 (DAS-1). The form should be completed in two copies following the law 
requirements and presented to SEB Bank together with the broker's confirmation
by 14 May 2010. 

For additional information on payout of the dividends please contact AB SEB
Bank by 
phone +370 5 268 1528. 


Irena Barauskaite-Gaiziuniene
+370 46 391 626