KN Energies AB

Pre-Annual General Meeting Information • Mar 28, 2014

Disclosure 314053

Klaipedos Nafta AB - Notification on material event

Notice on the Convened Extraordinary General Meeting of Shareholders of Klaipėdos Nafta AB

We hereby inform you that on the initiative and by the decision of the Board of AB Klaipėdos nafta, code 110648893, registered at Burių st. 19, Klaipėda (hereinafter, the “Company”), an extraordinary general meeting of shareholders of the Company was convened on 28 March 2014 at 9.00 a.m. The meeting was held in the registered office of the Company at Burių st.19, Klaipėda. Agenda of the meeting: On approving the resolution of the Board of AB Klaipėdos Nafta to approve the conclusion of the Novation Agreement, under which part of the rights and obligations vested in Höegh LNG Ltd. under the Agreement on the Lease, Operation, and Maintenance (Repair) of the Liquefied Natural Gas Floating Storage and Regasification Unit (hereinafter, the FSRU) with the FSRU Purchase Right shall be assigned to Hoegh LNG Klaipėda, UAB. Decisions adopted: On approving the resolution of the Board of AB Klaipėdos Nafta to approve the conclusion of the Novation Agreement, under which part of the rights and obligations vested in Höegh LNG Ltd. under the Agreement on the Lease, Operation, and Maintenance (Repair) of the Liquefied Natural Gas Floating Storage and Regasification Unit (hereinafter, the FSRU) with the FSRU Purchase Right shall be assigned to Hoegh LNG Klaipėda, UAB: “To approve of the resolutions of the Board of AB Klaipėdos Nafta: 1. In performance of the Agreement on the Lease, Operation, and Maintenance (Repair) of the Liquefied Natural Gas Floating Storage and Regasification Unit (hereinafter, the FSRU) for the Term of 10 Years with the FSRU Purchase Right (hereinafter, the Agreement), concluded on 2 March 2012 with Höegh LNG Ltd., the winner of the public procurement organised by AB Klaipėdos Nafta “Acquisition of the liquefied natural gas floating storage with regasification unit”, to approve that the General Manager of AB Klaipėdos Nafta, in compliance with the provisions of the Agreement, would enter into the Novation Agreement (hereinafter, the Novation Agreement), by which a part of rights and obligations of Höegh LNG Ltd. under the Agreement, except for the rights and obligations related to the right of AB Klaipėdos Nafta to purchase the FSRU, would be assigned to Hoegh LNG Klaipėda, UAB, a company indirectly fully controlled by Höegh LNG Ltd. 2. To determine that the above-indicated Novation Agreement regarding assignment of rights and obligations under the Agreement can be concluded only in case Höegh LNG Ltd. remains jointly and severally liable for all obligations assigned to Hoegh LNG Klaipėda, UAB. 3. To establish, that these decisions of the Board shall become effective after the approval by the General Meeting of the Shareholders of the Company, as it is provided in Article 16.10 of the Bylaws of the Company.” Director of Finance and Administration Department, Mantas Bartuška, (+ 370 46) 391 763