Klaipedos Nafta AB - Notification on material event

SC KLAIPĖDOS NAFTA has concluded the first contract regarding gas supply from the projected LNG Terminal

SC Klaipėdos Nafta and SC Lietuvos Energija signed the preliminary contract
that turned to be the first step in the negotiations regarding the volumes and
terms of gas supply from the projected Liquefied natural gas (LNG) Terminal.
During the implementation of the LNG Terminal's project the Parties have
committed to exchange information and specify all the related data necessary
for the conclusion of the main Agreement. 

The Contract also provides for Klaipėdos Nafta, the Company executing the
project, to put all efforts so that the LNG Terminal's capacity would allow
guaranteeing the total gas volume necessary for Lietuvos Energija. 

The Parties will specify the gas volumes, terms of delivery, pricing
principles, distribution of responsibilities in the main Agreement that is
expected to be signed by 31 December 2012. 

LNG Terminal in Klaipeda Seaport is expected to start its operation by the end
of 2014. 


         Finance Director Mantas Bartuška, 8 46 391763