KN Energies AB

Proxy Solicitation & Information Statement • Dec 5, 2022

BALLOT PAPER FOR VOTING IN WRITING IN THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF AB KLAIPĖDOS NAFTA, TO BE HELD ON 27-12-2022

Shareholder's first name, surname (legal entity name) ……………………………………………...............................................................................................................................

Shareholder's personal ID number (legal entity code)

……………………………………………...............................................................................................................................

Number of shares held

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Number of votes held ……………………………………………...............................................................................................................................

Please cross out what does not apply ("FOR" or "AGAINST") and leave the selected version of the resolution not crossed:

Organizational issues of the meeting

To propose to elect the following person as the Chairman of the meeting and to vote "for" the proposed candidate:

………………………………………………………

To propose to elect the following person as the Secretary of the meeting and to vote "for" the proposed candidate:

………………………………………………………

To propose to elect the following person as the person responsible for performance of actions provided for in paragraph 2 of Article 22 of the Law of the Republic of Lithuania on Companies and to vote "for" the proposed candidate:

………………………………………………………

Matter on the agenda	Draft resolution
1. Item of the Agenda No 1 – Regarding the approval of the decision of the Board of AB Klaipėdos nafta to give a guarantee or guarantees of AB Klaipėdos nafta for the indirectly controlled subsidiary KN AÇU SERVIÇOS DE TERMINAL DE GNL LTDA:	"To approve the following decision of the Board of AB Klaipėdos nafta: To provide a guarantee or guarantees in the name of AB Klaipėdos nafta to secure the fulfilment of obligations of KN AÇU SERVIÇOS DE TERMINAL DE GNL LTDA. (hereinafter – KN Acu) to UTE GNA I GERAÇÃO DE ENERGIA S.A. (hereinafter – GNA1), UTE GNA II GERAÇÃO DE ENERGIA S.A. (hereinafter – GNA2) and/or their legal successors, subsidiaries, affiliates, lenders under the Operations	For	Against

	and Maintenance (O&M) Services Agreement (hereinafter –
	Agreement) in connection to the LNG terminal located in Porto do
	Açu for the validity period of the Agreement (issuing a guarantee or
	guarantees for the entire period of the Agreement or issuing separate
	guarantees for relevant shorter periods). To establish that a guarantee
	or guarantees of AB Klaipėdos nafta can be given both as a direct
	guarantee of AB Klaipėdos nafta to GNA1, GNA2 and/or their legal
	successors, subsidiaries, affiliates, lenders for the obligations of KN
	Acu, and indirectly – AB Klaipėdos nafta guaranteeing (also
	depositing cash or securing in any other way) the fulfilment of
	obligations of KN Acu to third parties, which issue guarantees or give
	other security for fulfilment of obligations of KN Acu to GNA1, GNA2
	and/or their legal successors, subsidiaries, affiliates, lenders under
	the Agreement. To establish that the total maximum amount covered
	by such guarantees of AB Klaipėdos nafta (whether direct or indirect)
	shall be limited to 100% of the annual revenue of KN Acu, generated
	under the Agreement, consisting of (i) the fixed fee (which changes
	subject to annual inflation), (ii) the variable fee (depending on the
	utilization of the terminal and which changes subject to annual
	inflation), (iii) compensation for incurred expenses (depending on
	actually incurred expenses of a certain type, that GNA1, GNA2 and/or
	their legal successors, subsidiaries, affiliates, lenders compensate
	under the Agreement) and the total amount of such revenue in one
	year, as estimated, should not exceed EUR 5 900 000 as established
	in the Agreement (without regard to possible foreign exchange
	fluctuations)."
Regarding any other new draft resolutions, not indicated above, to vote with all the votes held		For	Against

We hereby confirm that we have familiarised in advance with the agenda of the Extraordinary General Meeting of Shareholders of AB Klaipėdos nafta referred to in this Ballot Paper and the draft resolutions contained herein, therefore we may express in advance in writing the will of …………………..............................................................................................................................., as a shareholder of AB Klaipėdos nafta in voting on the matters considered at the Extraordinary General Meeting of Shareholders. Having regard to our will expressed in writing on the agenda matters of the Extraordinary General Meeting of Shareholders, it should be considered that …………………......................................................................................................................... participated in the Extraordinary General Meeting of Shareholders of AB Klaipėdos nafta held on 27-12-2022.

First name, surname, position of the shareholder (its representative):

Date and signature of the shareholder (its representative):

Date, title and number of the document entitling to vote (if the ballot paper is signed by anyone other than the head of the shareholder):