KN Energies AB

Regulatory Filings • Nov 18, 2015

Disclosure 328364

Klaipedos Nafta - Notification on material event

SC Klaipėdos Nafta signed agreement regarding partial support of LNG reloading station from EU funds

On the 18 November 2015 SC Klaipedos Nafta (hereinafter - the Company) and the port of Helsingborg (Helsingborg Hamn AB, Oceangatan 3, Po BoX 821, S-251 08 Helsingborg, Sweden) have signed partnership agreement regarding cooperation in the project HEKLA - Helsingborg & Klaipeda LNG Infrastructure Facility Deployment. According to this agreement the Company acquires the right to use the financial support of EUR 6 million of the Connecting Europe Facility (CEF, part of the EU financing program) approved by Coordination Committee for the construction of SC Klaipedos Nafta Liquefied natural gas (hereinafter - LNG) onshore reloading station. Information regarding confirmation of EU preliminary financial support was announced in the Company's notification on material event on 13 July 2015. Information on the approval of the general meeting of shareholders of the Company to implement investment project of LNG distribution station was announced in the Company's notification on material event issued on 25 August 2015. The foreseen start of the construction of the Company's LNG reloading station is the end of 2015 - beginning of 2016, when the contract with the contractor is signed. Currently the Company is pending initial proposals from potential contractors. The foreseen start of operations of LNG reloading station is beginning of 2017. SC Klaipedos Nafta previously has received the EU support for the LNG reloading station FEED and other preparation works. Marius Pulkauninkas, Director of Finance and Administration Department, tel. 8 46 391763