Klaipedos Nafta - Notification on material event

AB Klaipedos Nafta preliminary transhipment and revenue results for the October 2016

During October 2016 AB Klaipedos Nafta (hereinafter – the Company) reloaded 403
thousand tons of petroleum products into its storage tanks of Klaipeda oil
terminal and Subacius fuel base (SFB), i.e. less by 24.5 per cent compared to
October 2015, when 534 thousand tons were reloaded. 

During January – October of 2016 the Company in total reloaded 6,214 thousand
tons of petroleum products into its storage tanks or greater by 19.1 per cent
compared to the same period of 2015 when 5,216 thousand tons were reloaded.
Total transhipment volume for the 10 months of 2016 is by 998 tons higher
compared to the same period of previous year because of periodic increased
petroleum products freights from Byelorussia, and increased petroleum products
transhipment of AB ORLEN Lietuva. 

During October 2016 in the Liquefied Natural Gas (LNG) Terminal of the Company
631 thousand MWh of the natural gas were re-gasified and supplied to the
natural gas transmission system, i.e. grater by 1,5 times compared to October
2015, when 409 thousand MWh where re-gasified. During ten months of 2016 the
Company in total re-gasified 12,850 thousand MWh of the natural gas, i.e.
grater by 3.1 times compared to the same period of 2015 when 4,089 thousand MWh
natural gas was re-gasified. 

The sales revenue of AB Klaipedos Nafta oil terminal and SFB for the October
2016 comprise EUR 1.8 million that is less by 35.7 per cent compared to the
revenue of October 2015 (Eur 2.8 million). The preliminary sales revenues
during January – October of 2016 of the Company’s oil terminal and SFB comprise
EUR 31.7 million and are less by 4.2 per cent compared to the same period of
2015 (EUR 33.1 million). 

The preliminary sales revenues of the Company’s LNG Terminal for October 2016
comprise EUR 5.4 million (October 2015 – EUR 5.4 million), which consist of the
liquefaction and regasification activity revenues for the period calculated
based on the tariffs approved by the National Control Commission for Energy
Control and Prices. The preliminary revenue of the LNG terminal for the 10
months of 2016 comprise EUR 56.0 million and are grater by 3.9 per cent
compared to the same period 2015 (EUR 53.9 million). 

Total preliminary sales revenues of the Company for the 10 months of 2016
comprise EUR 87.7 million, i.e. 0.8 per cent grater compared to same period
2015 (EUR 87.0 million). 

Petroleum products transshipment and LNG re-gasification

                                           October           January – October  
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                                     2016  2015  Change,   2016    2015  Change,
                                                    %                       %   
--------------------------------------------------------------------------------
Petroleum products transshipment,     403   534   -24.5%   6,214  5,216   19.1% 
 thousand tons                                                                  
--------------------------------------------------------------------------------
LNG re-gasification, thousand MWh     631   409   54.3%   12,850  4,089   214.3%
--------------------------------------------------------------------------------



Preliminary revenues of the Company, EUR million



                                       October           January – October  
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                                2016  2015  Change, %  2016  2015  Change, %
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Klaipeda oil terminal activity   1.6   2.6   -38.5%    29.3  31.1    -5.8%  
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Subacius fuel base activity      0.2   0.2     0.0%     2.4   2.0    18.0%  
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LNG terminal activity            5.4   5.4     0.0%    56.0  53.9     3.9%  
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Total:                           7.2   8.2   -12.2%    87.7  87.0     0.8%  
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         Marius Pulkauninkas, Director of Finance and Administration
Department, +370 46 391 763.