Klaipedos Nafta AB - Notification on material event

Regarding the Obligation on AB Klaipėdos Nafta to Establish the LNG Terminal

On 15 February 2012 the Government of the Republic of Lithuania passed a
resolution “Regarding establishment of the liquedated natural gas (LNG)
terminal” whereby it is approved that AB Klaipėdos Nafta would continue the
implementation of the LNG terminal project and the following:. 

- The Ministry of Energy of the Republic of Lithuania is assigned to initiate
the general meeting of shareholders of AB Klaipėdos Nafta regarding the
amendment of the Articles of the Association of AB Klaipėdos Nafta, proposing
to stipulate in the Articles of the Association of the company that one of the
purposes of AB Klaipėdos Nafta activities would be the establishment of the LNG
terminal and its preparation for operation, ensuring economical and rational
operation of the LNG terminal and/or its later transfer to the natural gas
transmission system operator controlled by the Republic of Lithuania. 

- State Enterprise Klaipėda State Seaport Authority is obliged to develop the
current and to establish a new infrastructure of the Klaipėda State Seaport and
in this way to create a background for the establishment and commencement of
operation of the LNG terminal by 3 December 2014 and to transfer such
infrastructure or to grant the right to use it to AB Klaipėdos Nafta. 


         Mantas Bartuška, Finance Director, 8 46 391 763