Klaipedos Nafta AB Notification on material event 08.02.2012

LNG Terminal Project was Included in the Implementation Plan of the National
Energy Strategy

On February 7, 2012, the Government of the Republic of Lithuania passed a
resolution “Regarding Approval of the 2008-2012 Implementation Plan of the
National Energy Strategy” (hereinafter – Plan) whereby the project of liquefied
natural gas terminal was included in the 2008-2012 Implementation Plan of the
National Energy Strategy.

In the Implementation Plan of the National Energy Strategy it is provided that
AB „Klaipėdos nafta“ shall develop LNG import terminal by end of 2014. LNG
terminal shall comprise of floating storage and regasification technology,
onshore equipment of terminal and connection with transmission system of
natural gas and/or technological equipment. Also in the Plan preliminary budget
of AB „Klaipėdos nafta“ for the implementation of the project of LNG terminal
is LTL 532 milion (precise budget shall be prepared following conclusion of
contracts with main contractors). It is not intended to use funds of the
national budget. It is foreseen that in accordance with articles of association
of the company approval of the general meeting of the shareholders shall be
needed for the conclusion of contracts with the main contractors of LNG
terminal project.

In the Implementation Plan of the National Energy Strategy it is provided that
State Company “Klaipėdos valstybinio jūrų uosto direkcija“, which is controlled
by the Ministry of Transport shall develop existing and new infrastructure of
Port of Klaipėda and perform other development works of the port, which are
needed for the implementation of LNG import terminal project developed by AB
“Klaipėdos nafta”. Preliminary budget of State Company “Klaipėdos valstybinio
jūrų uosto direkcija“ is LTL 150 million. It is not intended to use funds of
the national budget.


Mantas Bartuška, Finance Director, 8 46 391 763

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