Klaipedos Nafta AB - Notification on material event

AB Klaipėdos Nafta has selected the supplier for engineering and construction works of port infrastructure (jetty) with suprastructure (equipment) of liquefied natural gas terminal

The winner of the international tender of AB Klaipėdos Nafta “Procurement of
Engineering and Construction Works of Port Infrastructure (Jetty) with
Suprastructure (Equipment) of Liquefied Natural Gas Terminal” was selected
akciju sabiedriba (herein after - AS) BMGS. 

During the implementation of the tender of AB Klaipėdos Nafta “Procurement of
Engineering and Construction Works of Port Infrastructure (Jetty) with
Suprastructure (Equipment) of Liquefied Natural Gas Terminal” 3 final tender
offers were submitted by 18 February 2013. Upon evaluation of the final tender
offers according to the lowest price criterion, AS BMGS, which undertook to
carry out all works for the total amount of 27.19 EUR (93.88 mln. LTL)
excluding VAT, was recognised to be the winner. 

AB Klaipėdos Nafta sent an invitation to company AS BMGS to conclude a public
procurement contract which must be signed after the period of deferment of 15
days which is applicable to the conclusion of the public procurement contract. 

The contract between AB Klaipėdos Nafta and AS BMGS for procurement of
engineering and construction works of port infrastructure (jetty) with
suprastructure (equipment) of liquefied natural gas terminal will enter into
full force only if the Board and the general meeting of shareholders of AB
Klaipėdos Nafta approve of the conclusion of the contract. 

In accordance with the bilateral agreement between AB Klaipėdos Nafta and
Klaipeda State Seaport Authority on the improvement and creation of Port
Infrastructure / Suprastructure, part of the costs of the contract shall be
reimbursed by Klaipeda State Seaport Authority (all costs for the Klaipeda
State Seaport Infrastructure and part of the common work costs). Klaipeda State
Seaport Authority shall reimburse to AB Klaipedos Nafta the amount of 14.20
mln. EUR (49.02 mln. LTL) excluding VAT. AB Klaipedos Nafta shall bear the
costs for the amount of 12.99 EUR (44.86 mln. LTL) excluding VAT. 






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