KN Energies AB

Regulatory Filings • Sep 8, 2014

Disclosure 317638

Klaipedos Nafta - Notification on material event

SC Klaipedos Nafta transhipment results in August 2014

The preliminary sales revenues of SC Klaipedos nafta (hereinafter - “The Company”) for August 2014 amounts to LTL 8.3 million (EUR 2.4 million); that are lower by 1.2 percent compared to August 2013 (i.e. LTL 8.4 million or EUR 2.4 million). During August 2014 the Company reloaded 444 thousand tons of oil products into its storage tanks while during the August 2013 - 407 thousand tons, i.e. greater by 9.1 percent. The preliminary sales revenues of the Company during eight months of 2014 comprise LTL 75.3 million (EUR 21.8 million) and are lower by 15.8 percent compared to the same period of 2013 (LTL 89.4 or EUR 25.9 million). The Company during eight months of 2014 reloaded 3,472 thousand tons of oil products into its storage tanks, while during eight months of 2013 - 4,451 thousand tons. The transhipment during eight months of 2014, compared to the same period of 2013, is lower by 22.0 percent. The reduced transhipment was influenced mainly by the fact that the major client of the Company AB Orlen Lietuva delivered less products in the terminal because have reduced manufacturing volume of oil products in connection with the dropped oil product margins. Mantas Bartuška, Director of Finance and Administration Department, tel. 8 46 391763