Klaipedos Nafta AB - Notification on material event

The authorised capital of UAB LITGAS, subsidiary of AB Klaipėdos Nafta, has been increased and the controlling shareholder of UAB LITGAS has changed

On 15 October 2013, amended Articles of Association of UAB LITGAS, a subsidiary
of AB Klaipėdos Nafta (the “Company”), have been registered with the Register
of Legal Entities of the Republic of Lithuania. As of this date it is
considered that the authorized capital of UAB LITGAS has been increased by the
monetary contribution of Lietuvos Energija, UAB (a limited liability company,
corporate ID code 301844044, registered address Žvejų 14, Vilnius, Lithuania). 

After the increase of the authorised capital, the Company now owns 1/3, whereas
Lietuvos Energija, UAB - 2/3 of all the shares and votes in the general meeting
of shareholders of UAB LITGAS. 

As announced by the Company in its notification on material event of 9 October
2013, by the 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. The control over UAB LITGAS has been 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