Klaipedos Nafta - Notification on material event

SC Klaipedos Nafta preliminary transhipment and revenue results for the January 2016

During January 2016 SC Klaipedos Nafta (hereinafter – “the Company”) reloaded
790 thousand tons of petroleum products into its storage tanks of Klaipeda oil
terminal and Subacius fuel base (SFB), i.e. grater by 25.4 percent compared to
January 2015, when 630 thousand tons were reloaded. The main reason for
transhipment increase is the larger volume of petroleum products delivered by
SC ORLEN Lietuva and Company’s ability to handle with the increased volume of
petroleum products effectively. 

In the Liquefied Natural Gas (LNG) Terminal of the Company 1.071 thousand MWh
of the natural gas were re-gasified and supplied to the natural gas
transmission system during January 2016, i.e. grater by 112.1 percent compared
to January 2015, when 505 thousand MWh of the natural gas were re-gasified.
This monthly regasification volume was the highest for the entire period of
operation of the LNG terminal. 

The preliminary sales revenues of the Company’s LNG Terminal for January 2016
comprise EUR 5.9 million which is equal to the one twelfth of the liquefaction
revenues approved by the National Commission for Energy Control and Prices for
the year 2016. 

The preliminary sales revenues for January 2016 of SC Klaipedos Nafta oil
terminal and SFB comprise EUR 4.8 million and are greater by 29.7 percent
compared to the same period of 2015 (EUR 3.7 million). 

Petroleum products transhipment and LNG re-gasification

                                                       January        
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                                                 2016  2015  Change, %
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Petroleum products transhipment, thousand tons   790    630    25.4%  
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LNG re-gasification, thousand MWh               1,071   505   112.1%  
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Preliminary revenues of the Company, EUR million

                                       January       
-----------------------------------------------------
                                2016  2015  Change, %
-----------------------------------------------------
Klaipeda oil terminal activity   4.6   3.5    31.4%  
-----------------------------------------------------
Subacius fuel base activity      0.2   0.2     0.0%  
-----------------------------------------------------
LNG terminal activity            5.9   5.4     9.3%  
-----------------------------------------------------
Total:                          10.7   9.1    17.6%  
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         Marius Pulkauninkas, Director of Finance and Administration
Department, tel. 8 46 391763