Klaipedos Nafta - Notification on material event

Notice on the convened extraordinary general meeting of shareholders of AB Klaipėdos Nafta

We hereby inform you that on the initiative and by the decision of the Board of
AB Klaipėdos nafta code 110648893, registered at Burių st. 19, Klaipėda
(hereinafter, the “Company”), an extraordinary general meeting of shareholders
of the Company was convened on 22 August 2016 at 13:00 p.m. The meeting was
held in the registered office of the Company at Burių st.19, Klaipėda. 

Agenda of the meeting:

1. Regarding the approval of the decision of AB Klaipėdos nafta Board to
implement II stage of AB Klaipėdos nafta oil terminal expansion (supplementary
railway track and trestle, expansion of light oil product tanks) investment
project. 

Decisions adopted:

1. Regarding the approval of the decision of AB Klaipėdos nafta Board to
implement II stage of AB Klaipėdos nafta oil terminal expansion (supplementary
railway track and trestle, expansion of light oil product tanks) investment
project: 

“To approve the decision of AB Klaipėdos nafta Board:

1. To implement II stage of oil terminal expansion (supplementary railway track
and trestle, expansion of light oil product tanks) investment project of AB
Klaipėdos nafta, for the price not exceeding 49,4 mln. EUR (without VAT), and
the reserve of 10 percent, which can be used only on extraordinary
circumstances.” 

2. To establish that the aforementioned decision comes into force only if it is
approved by the general meeting of the shareholders of AB Klaipėdos nafta, as
of the day of adoption of such decision of the general meeting of the
shareholders.” 


         Marius Pulkauninkas, Director of Finance and Administration
Department, tel.: +370 46 391 763