Klaipedos Nafta AB - Notification on material event

Decision of the Company to increase the authorised capital of its subsidiary UAB LITGAS was registered with the Register of Legal Entities

On 19 September 2013, a notification of AB Klaipėdos Nafta (the “Company”) on   
 the decision of the Company to increase the authorised capital of its          
 subsidiary UAB LITGAS was registered with the Register of Legal Entities of the
 Republic of Lithuania.                                                         
By decision of the Company, as the sole shareholder of UAB LITGAS, the          
 authorised capital of UAB LITGAS is increased by LTL 2 million, i.e. from LTL 1
 million to LTL 3 million, by issuing 2 million ordinary registered shares of   
 UAB LITGAS and granting the right to subscribe for all these shares to Lietuvos
 Energija, UAB (private limited liability company, legal entity code 301844044, 
 registered office at Žvejų g. 14, Vilnius). After the increase of the          
 authorised capital, the Company will own 1/3, whereas Lietuvos Energija, UAB - 
 2/3 of all the shares and votes in the general meeting of shareholders of UAB  
 LITGAS.                                                                        
UAB LITGAS and Lietuvos Energija, UAB are going to sign a share subscription    
 agreement soon. It is planned that Lietuvos Energija, UAB will pay for the     
 newly issued shares of UAB LITGAS by making a monetary contribution by 9       
 October 2013.                                                                  
The authorised capital of UAB LITGAS will be deemed increased after the         
 registration of the amended Articles of Association of UAB LITGAS with the     
 Register of Legal Entities - it is planned that this will happen by the middle 
 of October this year.                                                          
As announced by the Company in its notification of 11 September 2013, the       
 control over LITGAS is being transferred to Lietuvos Energija, UAB following   
 Resolution No. 730 of the Government of the Republic of Lithuania, dated 21    
 August 2013, in order to implement the requirements of the Third Energy Package
 of the European Union regarding natural gas and electricity markets of the     
 European Union and of the Law of the Republic of Lithuania on Electricity to   
 unbundle energy supply and production and energy transmission activities.      




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