Klaipedos Nafta AB - Notification on material event

The Company concluded an insurance agreement for insurance of Company’s risks, related to the liquefied natural gas terminal (LNGT) infrastructure (pipeline and jetty) construction works

On 2 September 2013 Klaipėdos Nafta AB (hereinafter, the Company) entered into  
 Insurance Agreement with PZU Lietuva UAB DK (hereinafter, the Agreement) for   
 insurance of Company's risk, related to construction works of the LNGT         
 infrastructure (pipeline and jetty). The main terms and conditions of the      
 Agreement are as follows:                                                      
1.       Insured Items - jetty infrastructure and facilities, detailed in the   
 Contract for Engineering, Procurement and Construction of LNGT Infrastructure  
 (EPC) Works, concluded by the Company and BMGS AS on 18 March 2013             
 (hereinafter, the Jetty EPC Contract) and the pipeline and gas metering        
 station, detailed in the Contract for Engineering, Procurement and Construction
 of the Pipeline and Gas Metering Station (EPC) Works concluded by the Company  
 and PPS Pipeline Systems GmbH on 6 May 2013 (hereinafter, the Pipeline EPC     
 Contract);                                                                     
2.       Insured Works - construction, erection, testing works designated to    
 create the Insured Items, performed in accordance with the Jetty and Pipeline  
 EPC Contracts;                                                                 
3.       Insured Business - natural gas and/or LNG related business;            
4.       Scope of the insurance:                                                
4.1      material damage to the Insured Works insurance (hereinafter, the       
 Material Damage Insurance): sum insured - LTL 223,249,632 (EUR 64,657,563);    
4.2      third party liability that occurred while executing the Insured Works  
 insurance: sum insured - LTL 34,528,000 (EUR 10,000,000);                      
4.3      advance loss of profits sustained with respect to the Insured Business 
 due to damage covered under the Material Damage Insurance insurance: sum       
 insured - confidential information.                                            
5.     Insurance Period - from 2 September 2013, 12:01 a.m. till 5 April 2015   
 12:00 p.m.;                                                                    
6.     Insurance Premium - LTL 6,252,447 which shall be paid by instalments,    
 i.e. 6 payments to be made quarterly; the first payment of insurance premium to
 be made on 1 November 2013.                                                    




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