Klaipedos Nafta AB - Notification on material event

Regarding the provided new draft decision to the general meeting of shareholders, scheduled for 25 January 2013

AB Klaipėdos Nafta hereby informs that on 24 January 2013 it has received from
the shareholder of the company the Republic of Lithuania, represented by the
Ministry of Energy of the Republic of Lithuania, new draft decision of the
agenda item, included in the extraordinary general meeting of shareholders,
scheduled for 25 January 2013, which is provided below: 

On approval of the decision of the Board of the Company, according to which it
was decided to conclude the contract for with the winner of international
public tender “Natural Gas Pipeline System Engineering, Procurement and
Construction (EPC) Works: 

1. To approve the decision of the Board of AB Klaipėdos Nafta, according to
which it was decided: 

1.1 to conclude the contract for Natural Gas Pipeline System Engineering,
Procurement and Construction (EPC) Works (hereinafter referred to as the
Works), necessary in constructing the connection between the Liquefied Natural
Gas (LNG) Terminal's embankment within the port area of Klaipėda State Sea Port
(near the northern part of Kiaulės nugara island) and Lithuanian natural gas
transportation system (gas pipeline Jurbarkas-Klaipėda (part Tauragė-Klaipėda)
near Klaipėda DSS-2, situated at Kiškėnai village, Dovilai eldership, Klaipėda
district municipality) (hereinafter referred to as the Contract) with the
winner of Klaipėdos nafta, AB international public tender, conducted by a way
of public negotiations “Natural Gas Pipeline System Engineering, Procurement
and Construction (EPC) Works”, who proposed the lowest price for all the scope
of works - the consortium of Kauno dujotiekio statyba, AB and Šiaulių
dujotiekio statyba, UAB (hereinafter referred to as the Contractor). 

1.2. the total fixed price for all the works under the Contract shall be
137,999,391.00 Lt (one hundred thirty seven millions nine hundred ninety nine
thousands three hundred and ninety one litas) without VAT and 166,979,263.10 Lt
(one hundred sixty six millions nine hundred seventy nine thousands two hundred
sixty three litas and ten cents) with VAT, that at the day of the conclusion of
the Contract is equal to 21 percent. This fixed price can increase only in the
exclusive cases provided for in the Contract. Klaipėdos nafta, AB shall be
paying the indicated fixed sum only for the indicated fixed sum only for the
actual works performed under the Contract. 

1.3. All the works under the Contract shall be finished till 1 October 2014.
The performance terms may only be extended in the exclusive cases set forth in
the Contract. 

2. To establish, that the Agreement may be concluded only after the expiry of
the period of deferment of 15 days which is applicable to the conclusion of the
Agreement in accordance with paragraph 22 of Article 2 of the Law of the
Republic of Lithuania on Public Procurement, and in case there shall be no
obligations or decisions, issued by the institutions, having the relevant
authorities, which would prohibit to sign the Agreement with the concrete
Contractor, which has won the public procurement.” 

Taking into consideration the provided new draft decision, the renewed general
ballot paper is attached to this notification. 

Enclosure:

General ballot paper.


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

Attachments:

General ballot paper KN GMS 2013-01-25.pdf