Klaipedos Nafta - Notification on material event

Notice on the convened extraordinary general meeting of shareholders of Klaipėdos Nafta, AB

We hereby inform you that on the initiative and by the decision of the Board of
Klaipėdos nafta, AB code 110648893, registered at Burių st. 19, Klaipėda
(hereinafter, the “Company”), an extraordinary general meeting of shareholders
of the Company was convened on 21 July 2016 at 1:00 p.m. The meeting was held
in the registered office of the Company at Burių st.19, Klaipėda. 

Agenda of the meeting:

1. Regarding the approval of the decision of AB Klaipedos Nafta’s Board to
approve the implementation of oil terminal estacade 3A road modernization
investment project. 

Decisions adopted:

1. Regarding the approval of the decision of AB Klaipedos Nafta’s Board to
approve the implementation of oil terminal estacade 3A road modernization
investment project: 

“To approve the decision of AB Klaipedos Nafta’s Board:

1. To approve for AB Klaipedos Nafta to implement the oil terminal estacade 3A
road modernization investment project for the total price not exceeding 5,5
mln. EUR (without VAT) and 10% reserve which can be used only in exceptional
cases. 

2. To establish that the aforementioned decision comes into force only if it is
approved by the general meeting of the shareholders of AB Klaipedos Nafta, as
of the day of adoption of such decision of the general meeting of the
shareholders.” 


         Marius Pulkauninkas, Director of Finance and Administration
Department, tel.: +370 46 391 763