Klaipedos Nafta AB - Notification on material event

Regarding approval of the Rules for Use of the Liquefied Natural Gas Terminal

AB Klaipėdos Nafta (hereinafter, the Company) hereby informs that on 11 April
2014 the National Commission for Energy Control and Prices (hereinafter, the
NCECP) decided to approve the Rules for Use of the Liquefied Natural Gas
Terminal (hereinafter, the Rules), which establish the procedure and conditions
of use of the liquefied natural gas (hereinafter, LNG) terminal, requirements
for persons that intend to use the LNG terminal, their rights, duties and
liability, as well as other special requirements, related to the activities of
the LNG terminal and its use for bringing LNG and unloading it to the LNG
terminal, regasifying LNG and delivering it to the natural gas transmission
system or transshipping it into LNG carriers. 

After the Board of the Company approves the main terms and conditions of the
Rules approved by the NCECP and after the General Manager of the Company
approves the Rules, the Company will publish the Rules and start the procedure
for allotting the LNG terminal capacities. It is planned that the procedure
will be started on 30 April of this year and contracts with the first users
will be signed in June or July this year. 

 The Company, seeking to attract users of the LNG terminal and to satisfy
expectations of consumers in the market, has calculated and is announcing
preliminary prices of services to be provided by the LNG terminal. They were
calculated according to the Methodology of Setting State Regulated Prices in
the Natural Gas Sector approved by Resolution No. O3-367 of the NCECP, dated 13
September 2013 (with the latest amendments of 11 April 2014 approved at the
meeting of the NCECP). The upper limits for prices of the LNG terminal services
and specific prices are set and announced by the NCECP. 

Referring to the Methodology of Setting State Regulated Prices in the Natural
Gas Sector, the preliminary tariffs of the LNG terminal services are expected
to be as follows: 

  -- The price of liquefying (LNG regasification) service (it is established
     every year and adjusted annually) is LTL 0/MWh (VAT excl.), the service
     includes mooring of the incoming LNG carrier, unloading LNG into the LNG
     terminal, temporary storage and regasification;
  -- The price of LNG transshipping service (it is established for five years)
     is LTL 3.45 - 5.6/MWh (VAT excl.), the service includes mooring of the
     incoming LNG carrier, unloading LNG into the LNG terminal, temporary
     storage and LNG transshipment into the outgoing LNG carrier.

As indicated above, these tariffs are preliminary and have not been approved by
the Board of the Company or the NCECP. 


         Mantas Bartuška, Director of the Finance and Administration
Department, 8 46 391 763