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
AB Klaipėdos nafta, code 110648893, registered at Burių st. 19, Klaipėda
(hereinafter, the “Company”), an extraordinary general meeting of shareholders
of the Company was convened on 30 May 2016 at 13.00 a.m. The meeting was held
in the registered office of the Company at Burių st.19, Klaipėda. 

Agenda of the meeting:

1. Regarding the amendment of 25 August 2015 decision “Regarding the approval
of the decision of AB Klaipedos Nafta’s Board to implement oil terminal
expansion investment project” item No 1. 

Decisions adopted:

“To approve the decision of AB Klaipedos Nafta’s Board and respectively amend
the 25 August 2015 decision of AB Kaipedos Nafta’s general meeting of the
shareholders “Regarding the approval of the decision of AB Klaipedos Nafta’s
Board to implement oil terminal expansion investment project” item No 1: 

“1. To amend the 31 July 2015 AB Klaipedos Nafta’s Board decision “Regarding
the investment into oil terminal expansion” item No 1 to the following: 

“1. AB Klaipedos Nafta to implement oil terminal expansion (the expansion of
the oil truck lot capacities, construction of fuel oil with water tanks and
expansion of light oil product tanks) investment project for the total price
not exceeding 13.1 million EUR (without VAT).” 


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