KN Energies AB

Board/Management Information • Nov 10, 2016

Disclosure 346795

Klaipedos Nafta - Notification on material event

Member of the Board of AB Klaipėdos nafta informed that he retreats from the office as from 1 December 2016

On 10th November, 2016 member of the Board of AB Klaipėdos nafta (hereinafter - the Company), Mr. Rytis Ambrazevičius, informed in written the Company and the supervisory Council of the Company that he retreats from the office of the Board of the Company as from 1st December, 2016. Based on Article 33.11 of the Law on Companies of the Republic of Lithuania, the member of the Board of the Company may resign from the duties before term upon prior written notice to the Company which must be provided no later than 14 days in advance. Rytis Ambrazevičius was elected to the Board of AB Klaipėdos nafta on 24th October, 2011. On 29th April, 2014, by the decision of the Supervisory Council of the Company, Rytis Ambrazevičius was re-elected to the the Board of AB Klaipėdos nafta for a 4-year term. Rytis Ambrazevičius is considered an independent member of the Board of AB Klaipėdos nafta. Marius Pulkauninkas, Director of Finance and Administration Department, (+370 46) 391 763