Klaipedos Nafta AB - Notification on material event

Resolution of the Extraordinary General Shareholders' Meeting

The Extraordinary General Shareholders' Meeting of SC Klaipėdos Nafta, held on
27 July 2011, passed the following resolutions: 

1. To approve the audited Financial Statements for the year 2010, prepared in
accordance with theInternational Financial Reporting Standards 

2. As appropriation of the Company's profit (loss) during the Extraordinary
General Shareholders' Meeting could breach the Law of Joint Stock Companies, to
postpone the decision regarding the appropriation of the Company's profit
(loss) for the year 2010 until the General Shareholders' Meeting will be held
by carrying over profit (loss) to the next financial year Appendix No 1
(Attached). 

3. To approve the resolution of the Management Board of SC Klaipėdos Nafta
regarding conclusion of the Services Agreement with the company Fluor S. A. -
the winner of the tender organized according to the procedure of the publicised
negotiations for the procurement of the Lead Adviser's services for preparation
and implementation of liquefied natural gas terminal's project, providing that
the intended completion term of the liquefied natural gas terminal's project
shall be not later than the year 2014 and the total Contract price for (i) the
selection of the main parameters of the project; (ii) the development of the
business model of the project and the selection of LNG supply; (iii) the
development of financing model of the project; (iv) the preparation of detailed
project proposals; (v) the risk and safety evaluation; (vi) the environment
impact analysis; (vii) project management services; (viii) project
implementation security services; (ix) provision of unforeseen services amounts
to EUR 9 229 228 (nine million two hundred twenty nine thousand two hundred and
twenty eight), excluding VAT. 1000 (one thousand) man-hours of the specialists
of the selected winner Fluor S.A. have been included into the stated Contract
Price (for the sake of proposal evaluation) for provision of the unforeseen but
necessary services for project implementation the exact amount and type of
which SC Klaipedos Nafta could not forecast at the time of the procurement but
which will be purchased during project execution subject to the needs, i.e.
more or less than 1000 (one thousand) fixed man - hours. 






         Head of Accounting Division Johana Bučienė  8 46 391636

Attachments:

Profit_2010_resolution.xls

IFRS_2010_KN_EN_FINAL.pdf