Klaipedos Nafta - Notification on material event

SC Klaipedos Nafta preliminary transhipment and revenue results for the November 2015

During November 2015 SC Klaipedos Nafta (hereinafter – “the Company”) reloaded
547 thousand tons of petroleum products into its storage tanks of Klaipeda oil
terminal and Subacius fuel base (SFB), i.e. less by 1.6 percent compared to
November 2014, when 556 thousand tons were reloaded. 

During the eleven months of 2015 the Company reloaded 5,764 thousand tons of
petroleum products into its storage tanks or greater by 16.5 percent compared
to the same period of 2014 when 4,947 thousand tons were reloaded. The main
reason for the transhipment volume growth in 2015 is the larger volume of
petroleum products delivered from SC Orlen Lietuva refinery because of
favourable macroeconomic conditions and attracted new customers that caused the
larger transit cargos of petroleum products. 

During November 2015 in the Liquefied Natural Gas (LNG) Terminal of the Company
282 thousand MWh (total during the eleven months of 2015 – 4,372 thousand MWh)
of the natural gas were re-gasified and supplied to the natural gas
transmission system (this activity started to be carried out on 27 November
2014). 

The preliminary sales revenues of the Company’s LNG Terminal for November 2015
comprise EUR 5.4 million (LTL 18,6 million), which is equal to the one twelfth
of the sum of necessary LNG Terminal operation costs and return on investments
into LNG Terminal infrastructure for the year 2015, approved by the National
Commission for Energy Control and Prices. 

The preliminary sales revenues for the eleven months 2015 of SC Klaipedos Nafta
oil terminal and SFB comprise EUR 36.1 million and are greater by 18.8 percent
compared to the same period of 2014 (EUR 30.4). Total preliminary sales
revenues of the Company for the 11 months of 2015 comprise Eur 95.4 million. 

Petroleum products transhipment and LNG re-gasification

                                          November          January - November  
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                                    2015  2014   Change,   2015   2014   Change,
                                                   %                       %    
--------------------------------------------------------------------------------
Petroleum products transhipment,     547   556   -1.6%    5,764  4,947   16.5%  
 thousand tons                                                                  
--------------------------------------------------------------------------------
LNG re-gasification, thousand MWh    282   -       -      4,372    -       -    
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Preliminary revenues of the Company, EUR million

                                       November         January - November  
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                                2015  2014  Change, %  2015  2014  Change, %
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Klaipeda oil terminal activity   2.5   3.2   -21.9%    33.7  28.7    17.4%  
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Subacius fuel base activity      0.4   0.2   100.0%     2.4   1.7    41.2%  
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LNG terminal activity            5.4   0.0      -      59.3   0.0      -    
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Total:                           8.3   3.4   144.1%    95.4  30.4   213.8%  
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         Finansų ir administravimo departamento direktorius Marius
Pulkauninkas, tel. 8 46 391763