KN Energies AB

AGM Information • Mar 28, 2018

Draft decisions of the Annual General Meeting of Shareholders of AB Klaipedos Nafta to be held on 27 April 2018

On 27 March 2018 the Board of AB Klaipedos Nafta, legal entity code 110648893, registered at Burių st. 19, Klaipeda (hereinafter referred to as the Company), among others adopted the following decisions:

To approve the Draft Decisions under the approved Agenda of the Annual General Meeting of Shareholders, to be held on 27 April 2017 at 9:00 a.m.:

1. On the announcement of the Auditor's Report regarding the Financial Statements and Annual Report of AB Klaipedos Nafta for the year 2017 to the shareholders:

"The Auditor's Report regarding the Financial Statements and Annual Report of AB Klaipedos Nafta for the year 2017 had been heard by the shareholders. Decision on this topic of the Agenda should not be taken."

2. On the announcement of the Annual Report of AB Klaipedos Nafta for the year 2017 to the shareholders.

"The Annual Report of AB Klaipedos Nafta for the year 2017, as drafted by AB Klaipedos Nafta, assessed by the Auditor and approved by the Board of AB Klaipedos Nafta had been heard. Decision on this topic of the Agenda should not be taken."

3. On the approval of the audited Financial Statements of AB Klaipedos Nafta for the year 2017:

"To approve the audited Financial Statements of AB Klaipedos Nafta for the year 2017."

4. On the appropriation of profit (loss) of AB Klaipedos Nafta for the year 2017:

"To distribute the AB Klaipedos Nafta profit in the total sum of EUR 17.882.411,51 available for appropriation, as follows:

No.	Ratios	Amount, Euros
1	Non-allocated profit (loss) at the beginning of the financial year as of 01-01-2017	-
2	Net profit (loss) for the financial year	17.030.868,10
3	Transfers from other reserves	851.543,41
4	Shareholders' contribution against	-
	losses

	Portion of the reserve of tangible fixed
	assets
6	Profit for allocation $(1+2+3+4+5)$	17.882.411,51
	Allocation of earnings to legal reserve	851.543,41
8	Allocation of profit to own shares
	acquisition
9	Allocation of profit to other reserves
10	Allocation of profit to dividends	17.030.868,10
11	Allocation of profit to tantiems
12	Non-allocated profit (loss) at the end
	of the year 2017 carried forward to
	next financial year (6-7-8-9-10-11)