Klaipedos Nafta AB - Notification on material event

Regarding subscription of shares of Klaipėdos nafta AB

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN
OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION
IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE
APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE STOCK EXCHANGE
RELEASE. 

Klaipėdos Nafta AB (hereinafter, the Company), following the decisions of the
general meeting of shareholders of the Company held on 27 April 2012 to
increase the authorised capital of the Company with additional contributions of
shareholders, as well as the prospectus, approved by the Bank of Lithuania on
23 May 2012 (decision (certificate) on approval of the prospectus No. 241-20,
hereinafter, the Prospectus), informs that shareholders of the Company, that at
the close of the property rights record date of the general meeting of
shareholders held on 27 April 2012 (i.e. at the close of 14 May 2012) owned
shares issued by the Company, have the pre-emptive right to acquire newly
issued shares pro rata to the par value of shares held by the shareholders and
may exercise this pre-emptive right within 14 (fourteen) calendar days after
the date of the relevant public announcement made by the administrator of the
Register of Legal Entities of the Republic of Lithuania. 

The period set for subscription for newly issued shares of the Company is from
29 May 2012 to 11 June 2012. The subscription for shares of the Company will be
performed in the below-listed units of AB SEB bankas during the working hours
of such units (information is available by calling the bank information line
1528): 



Name of the bank unit    Address of the bank unit        Working hours of the   
                                                          bank unit             
Vilnius financial        Savanorių pr. 1, LT-03116       I - V 8:30 - 17:00     
 services centre          Vilnius                                               
“Europos” financial      Europos a. 1A, LT-09308         I - IV 9:00 - 17:30, V 
 services centre          Vilnius                         8:30 - 17:00          
Kaunas financial         Laisvės al. 82/Maironio g. 17,  I - V 8:30 - 17:00     
 services centre          LT-44250 Kaunas                                       
Klaipėda financial       Taikos pr. 32A, LT-91235        I - V 8:30 - 17:00     
 services centre          Klaipėda                                              
Šiauliai financial       Tilžės g. 157, LT-76297         I - V 8:30 - 17:00     
 services centre          Šiauliai                                              
Panevėžys financial      Ukmergės g. 20, LT-35500        I - V 8:30 - 17:30     
 services centre          Panevėžys                                             
Alytus branch            Pulko g. 4, LT-62133 Alytus     I - V 8:30 - 17:00     
Mažeikiai branch         V. Burbos g. 3, LT-89218        I - V 8:30 - 17:00     
                          Mažeikiai                                             
Utena branch             Utenio a. 15, LT-28248 Utena    I - V 8:00 - 16:30     
Tauragė branch           Bažnyčių g. 10, LT-72253        I - V 8:30 - 17:00     
                          Tauragė                                               

In order to acquire newly issued shares, shareholders of the Company are to
sign the Company shares subscription agreement in any of the above-specified
units of AB SEB bankas within the shares subscription period. AB SEB bankas is
authorised to sign the Company shares subscription agreement on behalf of the
Company. 

The subscribed newly issued shares of the Company will have to be paid with
monetary contributions; the subscribed shares of the Company must be fully paid
up (the issue price must be paid in full) no later than by 24:00 (GMT+2) on 12
June 2012. 



IMPORTANT NOTICE:

This notification is not for distribution to United States newswire services or
for dissemination in the United States, Canada, Japan or Australia or elsewhere
where such dissemination is not appropriate. 

Distribution of this announcement and other information in connection with the
offering of new shares of the Company may be restricted by law in certain
jurisdictions. Persons into whose possession this announcement or such other
information should come are required to inform themselves about and to observe
any such restrictions. 

No offer or invitation to acquire securities of the Company is being made by or
in connection with this notification. Any such offer is made solely by means of
the Prospectus and the Prospectus is the only legally binding document
containing information on the Company and on the offering of the Company's
shares to current shareholders of the Company. The Prospectus is published
through GlobeNewswire, the on-line information system of AB NASDAQ OMX Vilnius,
and on the Company's website www.oil.lt. 

Furthermore, these shares of the Company being newly issued based on the
decisions of shareholders of the Company of 27 April 2012 and on the Prospectus
will be offered exclusively in the Republic of Lithuania and only to current
shareholders of the Company in accordance with the Directive 2003/71/EC of the
European Parliament and of the Council of 4 November 2003 on the prospectus to
be published when securities are offered to the public or admitted to trading
and amending Directive 2001/34/EC, as implemented in Lithuania. 

Shares of the Company have not been and will not be registered under the US
Securities Act of 1933, as amended, or according to any legal acts, regulating
market of securities of the US states or of other jurisdictions of the US and
may not be offered or sold in such jurisdictions, unless they would be
registered in accordance with the applicable laws or in case the relevant
exemptions of such registration would be applied. No public offering of the
securities will be made in the US. 




         Mantas Bartuška, Finance Director, 8 46 391 763