Klaipedos Nafta AB - Notification on material event

Regarding KLAIPEDOS NAFTA, AB authorised capital increase

On 15 February 2012, the Government of the Republic of Lithuania approved a
draft resolution to invest the property valued at LTL 45.49 million into
Klaipedos Nafta, AB by increasing the authorised capital of the company. 

The Government of the Republic of Lithuania - as the owner of 70.63 % of the
ordinary registered shares of Klaipedos Nafta, AB intends to invest into the
said Company the property in trust of PE Lithuanian Oil Product Agency -
Subacius Oil Products Terminal - by increasing the authorised capital of the
Company by an additional contribution, provided that Klaipedos Nafta, AB will
assume an obligation to lease a part of the property to PE Lithuanian Oil
Product Agency as necessary for accumulation and management of oil products and
state oil reserves in accordance with the requirements of legislative acts for
the term of at least 10 years. 

The authorized capital would be increased by additional contributions by
issuing new ordinary registered shares with the par value of LTL 1 (one litas)
each. 

The Company will suggest the shareholders of Klaipedos Nafta, AB adopting
decisions ensuring that all Company's shareholders would have an opportunity to
take part in the increase of the authorized capital of the Company and to
maintain the share held in the authorized capital of the Company. 


         Mantas Bartuška, Finance Director, 8 46 391 763