Klaipedos Nafta - Notification on material event

Regarding UAB LITGAS share purchase and sale agreement

AB Klaipedos Nafta (hereinafter - the Company) informs that taking into account
the resolutions adopted by the National Commission for Energy Control and
Prices (inter alia, Resolution No. 2015-04-10. O3-242, Resolution No.
2016-04-22. O3-107), on 3 October, 2016 the Company and Lietuvos energija, UAB
have entered into UAB LITGAS 33.33 per cent shares sale - purchase agreement
which were owned by the Company. 

The shares of UAB LITGAS owned by the Company amounted to 15 000 000 ordinary
registered shares of nominal value of EUR 0,29 each. UAB LITGAS shares are sold
considering the value of 33, 33 per cent shares as to 31 of March, 2016 set by
independent property valuator. Transaction amount - 4 350 000 EUR, including
the dividends paid by UAB LITGAS. The Company’s statement of comprehensive
income for 2016 will account for 310 000 EUR profit before tax, related to the
investment in UAB LITGAS. 

The Company transferred all shares owned in UAB LITGAS, therefore Lietuvos
Energija, UAB owns 100 per cent of UAB LITGAS share capital. 


         Marius Pulkauninkas, Director of Finance and Administration
Department, +370 46 391 763.