Klaipedos Nafta - Notification on material event

SC Klaipedos Nafta preliminary transhipment and revenue results for the March 2016

During March 2016 SC Klaipedos Nafta (hereinafter – “the Company”) reloaded 782
thousand tons of petroleum products into its storage tanks of Klaipeda oil
terminal and Subacius fuel base (SFB), i.e. grater by 120.9 per cent compared
to March 2015, when 354 thousand tons were reloaded. 

During the first quarter of 2016 the Company in total reloaded 2,321 thousand
tons of petroleum products into its storage tanks or greater by 54.8 per cent
compared to the same period of 2015 when 1,499 thousand tons were reloaded. The
main reasons for the transshipment volume growth in 2016 are: the significantly
increased volume of petroleum products delivered by SC Orlen Lietuva and
significantly increased volumes of petroleum products from Belorussia. 

During March 2016 in the Liquefied Natural Gas (LNG) Terminal of the Company
2,313 thousand MWh of the natural gas were re-gasified and supplied to the
natural gas transmission system, i.e. grater by 3.5 times compared to March
2015, when 518 thousand MWh where re-gasified. During first quarter of 2016
Company re-gasified 5,088 thousand MWh of the natural gas, i.e. grater 2.6
times compared to the same period of 2015, when 1,399 thousand MWh natural gas
was re-gasified. This remarkable growth is related with the additional LNG
terminal users – Achema, SC and Lietuvos dujų tiekimas, JSC. 

The preliminary sales revenues of the Company’s LNG Terminal for February 2016
comprise EUR 5.9 million, which is equal to the one twelfth of the liquefaction
revenues approved by the National Commission for Energy Control and Prices for
the year 2016. The preliminary revenue of the LNG terminal for the
January-March  2016 comprise EUR 17.6 million and it’s grater by 8.6 per cent
compared to the same period 2015 (EUR 16.2 million). 

The preliminary sales revenues for the three months 2016 of SC Klaipedos Nafta
oil terminal and SFB comprise EUR 12.4 million and are greater by 18.1 per cent
compared to the same period of 2015 (EUR 10.5 million). Total preliminary sales
revenues of the Company for the first quarter of 2016 comprise Eur 30.0
million, i.e. 12.4 per cent grater compared to same period 2015 (Eur 26.7
million). 

Petroleum products transshipment and LNG re-gasification:

                                            March             January – March   
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                                      2016  2015  Change,   2016   2015  Change,
                                                     %                      %   
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Petroleum products transshipment,     782    354   120.9%  2,321  1,499   54.8% 
 thousand tons                                                                  
--------------------------------------------------------------------------------
LNG re-gasification, thousand MWh    2,313   518   346.5%  5,088  1,399   263.7%
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Preliminary revenues of the Company, EUR million:

                                        March             January – March   
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                                2016  2015  Change, %  2016  2015  Change, %
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Klaipeda oil terminal activity   3.8   3.0    26.7%    11.8   9.9    19.2%  
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Subacius fuel base activity      0.2   0.2     0.0%     0.6   0.6     0%    
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LNG terminal activity            5.9   5.4     9.3%    17.6  16.2     8.6%  
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Total:                           9.9   8.6    15.1%    30.0  26.7    12.4%  
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         Marius Pulkauninkas, Director of Finance and Administration
Department, tel. 8 46 391763