Klaipedos Nafta AB - Notification on material event

Regarding establishment of the subsidiary

Klaipėdos Nafta AB (hereinafter, the “Company”) hereby informs that the Board
of the Company in its meeting of 16 November 2012 has adopted inter alia the
following decisions: 

  1. to establish a close stock company - UAB “Dujų tiekimas”, in which the
     Company shall have 100 percent of shares, the authorised capital of which
     would be formed by monetary contributions, contributing LTL 1 mill and
     which shall execute the activities of trade and/ or supply of the liquefied
     natural gas. The anticipated activities of supply of the liquefied natural
     gas shall be started to the executed as from the commencement of the
     activities of the liquefied natural gas terminal, following performance of
     the requirements, set under the legal acts;
  2. to approve the Articles of Association of UAB “Dujų tiekimas”, to be newly
     established;
  3. to elect the members of the Board of the Company as the Board members of
     UAB “Dujų tiekimas”: Inga Černiuk, Mindaugas Jusius, Rytis Ambrazevičius,
     Rokas Masiulis and Arvydas Darulis (the indicated persons shall start
     executing the functions of the Board of UAB “Dujų tiekimas” upon receipt of
     the consent of the Supervisory Council of the Company).






         Mantas Bartuška, Finance Director, 8 46 391 763