Klaipedos Nafta - Notification on material event

AB Klaipedos nafta preliminary transhipment and revenue results for the December 2016

During December 2016 AB Klaipedos nafta (hereinafter – the Company) reloaded
581 thousand tons of petroleum products into its storage tanks of Klaipeda oil
terminal and Subacius oil terminal (SOT), i.e. less by 16.6 per cent compared
to December 2015, when 697 thousand tons were reloaded. 

During 2016 the Company in total reloaded 7,338 thousand tons of petroleum
products into its storage tanks or greater by 13.6 per cent compared to the
same period of 2015 when 6,461 thousand tons were reloaded. Total transhipment
volume for the 2016 is higher by 877 tons compared to the same period of
previous year because of increased petroleum products transhipment of AB ORLEN
Lietuva and larger petroleum products freights from Byelorussia in the first
half of year. 

During December 2016 in the Liquefied Natural Gas (LNG) Terminal of the Company
850 thousand MWh of the natural gas were re-gasified and supplied to the
natural gas transmission system, i.e. grater by 4,5 times compared to December
2015, when 188 thousand MWh where re-gasified. During 2016 the Company in total
re-gasified 14,611thousand MWh of the natural gas, i.e. grater by 3.2 times
compared to the same period of 2015 when 4,559 thousand MWh natural gas was
re-gasified. 

The sales revenue of AB Klaipedos nafta oil terminal and SOT for the December
2016 comprise EUR 2.6 million or less by 31.6 per cent compared to the revenue
of December 2015 (EUR 3.8 million). The preliminary sales revenues during 2016
of the Company’s oil terminal and SOT comprise EUR 36.7 million and are less by
8.0 per cent compared to the same period of 2015 (EUR 39.9 million). 

The preliminary sales revenues of the Company’s LNG Terminal for December 2016
comprise EUR 5.5 million (December 2015 – EUR 10.5 million), which consist of
the liquefaction and regasification activity revenues for the period calculated
based on the tariffs approved by the National Control Commission for Energy
Control and Prices. The preliminary revenues of the LNG terminal for the 2016
comprise EUR 67.0 million and are less by 4.1 per cent compared to the same
period 2015 (EUR 69.9 million). 

Total preliminary sales revenues of the Company for the 2016 comprise EUR 103.7
million, i.e. 5.6 per cent less compared to same period 2015 (EUR 109,8
million). 

Petroleum products transshipment and LNG re-gasification

                                          December          January – December  
--------------------------------------------------------------------------------
                                     2016  2015  Change,   2016    2015  Change,
                                                    %                       %   
--------------------------------------------------------------------------------
Petroleum products transshipment,     581   697   -16.6%   7,338  6,461   13.6% 
 thousand tons                                                                  
--------------------------------------------------------------------------------
LNG re-gasification, thousand MWh     850   188   352.1%  14,611  4,559   220.5%
--------------------------------------------------------------------------------



Preliminary revenues of the Company, EUR million

                                       December           January – December  
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                                2016  2015  Change, %   2016   2015  Change, %
------------------------------------------------------------------------------
Klaipeda oil terminal activity   2.4   3.5   -31.4%     33.9   37.3    -9.1%  
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Subacius oil terminal activity   0.2   0.3   -33.3%     2.8    2.6      7.7%  
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LNG terminal activity            5.5  10.5   -47.6%     67.0   69.9    -4.1%  
------------------------------------------------------------------------------
Total:                           8.1  14.3   -43.4%    103.7  109.8    -5.6%  
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         Marius Pulkauninkas, Director of Finance and Administration
Department, tel. 8 46 391763