2011-04-05 18:02:51 CEST

2011-04-05 18:04:00 CEST


REGULATED INFORMATION

Lithuanian English
Klaipedos Nafta AB - Notification on material event

SC Klaipedos nafta 


Regarding General Meeting of Shareholders

Klaipeda, 2011-04-05 18:02 CEST (GLOBE NEWSWIRE) -- 

On the initiative of and following resolution of the Management Board of SC
Klaipėdos Nafta, the Ordinary General Shareholders' Meeting of the Company will
be convened on 28 April 2011 at 01.00 p.m. The Meeting will take place at the
Company's office premises Burių 19, Klaipėda. 

The Agenda of the Meeting is as follows:

  1. Regarding the Annual Report of the Company for the year 2010.
  2. Regarding the Auditor's Opinion on the Company's Annual Financial
     Statements for the year 2010.
  3. Regarding approval of the Annual Financial Statements for the year 2010.
  4. Regarding appropriation of the Company's profit (loss) for the year 2010.
  5. Regarding amendment of the Company‘s Articles of Association.

Decision on the issue of the agenda “Regarding the Annual Report of the Company
for the year 2010” shall not be taken. 

Decision on the issue of the agenda “Regarding the Auditor's Opinion on the
Company's Annual Financial Statements for the year 2010” shall not be taken. 

The following draft resolutions are being proposed:

 1. “Approve a set of Annual Financial Statements of SC Klaipedos Nafta for the
year 2010 (the documents are attached)”. 

2. “Appropriate Company's profit (loss) for the year 2010, Appendix 1
(attached)”. 

3. “Amend Company‘s Articles of Association and set them out in the new wording
(attached). 

Authorise Mr. Rokas Masiulis, General Manager of the Company, to sign the new
full text of the amended Articles of Association and submit them to the
Administrator of the Register of Legal Persons according to the procedure
established by laws”. 

 The shareholders are registered from 12.00 to 12.45 local time. The
participants attending the Meeting shall provide a personal identification
document (an authorized representative - a proxy certified in accordance with
the established procedure. The proxy issued by a natural person shall be
notarized. The proxy issued in a foreign country shall be translated into the
Lithuanian language and legalized in accordance with the procedure established
by the laws). 

 A shareholder or his/her authorized person shall have the right to vote in
advance in writing by filling in the general ballot paper. Upon the request of
the shareholder, the Company shall send the general ballot paper by registered
post free of charge at least 10 days before the General Shareholders' Meeting.
The filled-in general ballot paper and the document certifying the right to
vote shall be submitted to the Company not later than on the last working day
before the General Shareholders' Meeting by registered post to the
aforementioned address of the Company. 

 The company will not provide an opportunity to participate and vote at the
Meeting by using electronic means of communication. 

 The record date of the Meeting shall be 20 April 2011 (the right to attend and
vote at the General Shareholders' Meeting shall be granted only to those
persons who were shareholders at the end of the record date of the General
Meeting or their authorized persons, or persons with whom an agreement on
transfer of the voting right has been concluded). 

The record date of the Shareholders' rights shall be 12 May 2011 (the property
rights shall be provided to those persons who were shareholders at the end of
the 10th day after the respective decision adopting General Shareholders'
Meeting). 

Implementation procedures of the shareholders' rights stated in sub-paragraphs
1, 2 and 3 of paragraph 1 of Article 26-1 of the Law on Companies are presented
on the Company's website. 

 Dividends for payment for the year 2010 as proposed by the Company's Board to
the General Shareholders' Meeting amount to LTL 0,03 (Eur 0,01) per share. 

 The Company's shareholders will be able to get familiar with draft resolutions
of the Meeting and additional material, the form of the general ballot paper,
in accordance with the procedure prescribed by laws on website www.oil.lt of
the Company or at the Company's office premises Burių 19, Klaipėda, Enterprise
code 110648893, phone No.(8-46) 391626. 

 Irena Barauskaitė - Gaižiūnienė

+370 46 391 626