Klaipedos Nafta AB - Notification on material event

The Ordinary General Shareholders' Meeting

Following 17 03 2008 resolution of the Management Board of SC Klaipėdos Nafta
the Ordinary General Shareholders' Meeting of the Company will be convened on
22 April 2008 at 12.00 p.m. 
The Agenda:
1.The Company's Annual Report for the year 2007.
2.The Auditor's Opinion on the Company's financial statements and Annual Report
for the year 2007. 
3.Approval of the Financial Statements for the year 2007.
4.Company's Profit appropriation for the year 2007.
5.Amendment of the Articles of Association of the Company.
6.Selection of the Auditors' Company and Determination of the Terms of
Remuneration for Audit Services. 

The Meeting will take place at the Company's office premises Burių 19,
Klaipėda. Registration of the shareholders starts at 11.00 a.m. The
participants shall have personal identification document, an authorized
representative shall have a proxy. 
The accounting day of the General Shareholders' Meeting is 15 April 2008. 

The Management Board of SC Klaipedos nafta intends to address the Supervisory
Board proposing to approve of dividend payment. 

The Company's shareholders will be able to get familiar with draft resolutions
and additional material of the Meeting in accordance with the established order
at the Company's office premises Burių 19, Klaipėda, Company's code 110648893,
phone No.(8-46) 391626 or on internet www.oil.lt. 

Irena Barauskaitė- Gaižiūnienė
8(46) 391 626