Klaipedos Nafta - Notification on material event

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

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 10 July  2014 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
approve the general special terms and conditions of the agreement on liquefied
natural gas necessary for the liquefied natural gas terminal commissioning
works. 

Decision adopted:

“To approve of the decision of AB Klaipedos Nafta Board:

1. In accordance with the resolution No. 1354 of November 7, 2014, of the
Government of the Republic of Lithuania „On the Approval of the Natural Gas
Supply Diversification Procedure Description“, resolution No. O3-104, of April
14, 2014, of the National Commission for Energy Control and Prices „On the
Change of the Resolution No. O3-367 „On the Approval of the Price Establishment
Methodology of the State Regulated Prices of Natural Gas Section“ of September
13, 2013 of the National Commission for Energy Control and Prices“ and taking
into consideration the decision of AB Klaipėdos Nafta Board made on June 2,
2014 to approve the general special conditions of the supply agreement on
liquefied natural gas necessary for the liquefied natural gas terminal
commissioning works. 

1.1. The amount of liquefied natural gas, necessary for the liquefied natural
gas terminal commissioning works, is up to 170 000 m3. 

1.2. The supply costs directly related to the reasonable costs of liquefied
natural gas necessary for the liquefied natural gas terminal commissioning
works are up to 112.428.383 Lt. 

2. To establish that AB Klaipėdos Nafta Board‘s abovementioned decision
provided for in paragraph 1, shall enter into force after it is supported by AB
Klaipėdos Nafta General Meeting of Shareholders, as provided for in AB
Klaipėdos Nafta Statutes, article 16:10.“ 

3. To authorize the General Manager of AB Klaipėdos Nafta to sign the supply
agreement on liquefied natural gas necessary for the liquefied natural gas
terminal commissioning works with UAB LITGAS (company code 302937277) on the
basis of the general terms and conditions approved by AB Klaipėdos Nafta Board
and also by the General Meeting of Shareholders, as provided for in AB
Klaipėdos Nafta Statutes, article 16:10.” 




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