Klaipedos Nafta AB - Notification on material event

Klaipėdos nafta AB filed the appeal against the decision by Vilnius Regional Court in the case between Naftos grupė UAB and the Company adopted on 20 May 2013

On 19June2013 Klaipėdos nafta, AB (hereinafter referred to as the Company”),
filed an appeal against the decision of Vilnius Regional Court adopted on
20May2013 in the case according to claim of claimant Naftos grupė UAB to
Klaipėdos nafta, AB, for the compensation of allegedly incurred losses of LTL
17mill., for reimbursement of surplus of oil products to claimant allegedly
belonging to Naftos grupė, UAB, and held by the Company and for recognition the
cancellation of Service contract No. 12-12-2005, dated 22-12-2004 due to
Company's supposed fault (the Company announced on this Court's decision on 20
May 2013 by notifying the notification on material event). 

In its appeal the Company inter alia requests from the Lithuanian Court of
Appeal: 

(i) to annul the decision of Vilnius Regional Court adopted on 20May2013 on the
parts, concerning the admission that the Agreement was terminated through the
fault of the Company, the award to Naftos grupė, UAB, of damages in the amount
of LTL9,744,590.67, 6 percent annual interest on the awarded amount for the
period from the initiation of the legal proceedings till full enforcement of
the court judgement, as well as the award of legal expenses to be paid by the
Company to Naftos Grupė, UAB; to annul the decision in the part, where there
the Company's counterclaim had been rejected and adopt the following new
decision on the following parts: to reject the claim to admit that the
Agreement was terminated through the fault of the Company, to award to Naftos
grupė, UAB, damages in the amount of LTL9,744,590.67, 6percent annual interest
on the awarded amount for the period from the initiation of the legal
proceedings till full enforcement of the court judgement, as well as legal
expenses to be paid by the Company to Naftos Grupė, UAB, and to meet the
Company's counterclaim to full extent. 

(ii) on other parts to leave the decision of Vilnius Regional Court adopted on
20May2013 unaltered. 

It should be noted that upon the appeal against the decision of Vilnius
Regional Court from 20 May 2013, this decision shall not take effect. It shall
only come to force and will result in any real consequences for the Company,
should it is not altered in the course of the appeal procedures after the Court
of Appeal reaches its decision. 




         Mantas Bartuška, Director of Finance and Administration Department
(+370 46) 391 763