Klaipedos Nafta - Notification on material event

The Supreme Court of Lithuania accepted for consideration the cassation appeal lodged by Klaipėdos nafta, AB, in the court case with Naftos grupė, UAB

We hereby inform that on 25th July, 2014 the Supreme Court of Lithuania by its
ruling accepted for consideration the cassation appeal lodged by Klaipėdos
nafta, AB, code 110648893, registered at Burių st. 19, Klaipėda (hereinafter,
the “Company”) against part of the ruling of the Court of Appeal of Lithuania
from 17th June, 2014, in the court case according to statement of claim of the
claimant Naftos Grupė, UAB, against the Company for the indemnification for
losses of LTL 17 million allegedly incurred by the claimant, for return of
surplus oil products allegedly belonging to the claimant and held by the
Company to Naftos Grupė, UAB, and for recognition the termination of Service
Contract No. 12-12-2005, dated 22 December 2004 (the “Contract”), due to the
Company's supposed fault, as well as, the counterclaim of the Company for
invalidation of the Agreement, indemnification for damages and unjust
enrichment. 

The Supreme Court of Lithuania had concluded that the cassation appeal lodged
by the Company meets the requirements set forth in the Code of Civil Procedure
of the Republic of Lithuania, and therefore is to be accepted for
consideration. 

The Company announced about the above mentioned ruling of the Court of Appeal
of Lithuania in the notification on material event from 18th June, 2014. 






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