KN Energies AB

Report Publication Announcement • Dec 11, 2012

Disclosure 303503

Klaipedos Nafta AB - Notification on material event

Regarding the published information on proposed LNG prices

On 10 December 2012, the media published notices stating that, according to unofficial sources, potential gas suppliers propose to Lithuania, which is building the Liquefied Natural Gas (hereinafter, LNG) Terminal in Klaipėda, approximately 20 per cent cheaper natural gas than gas currently imported by the state from the sole gas supplier - the Russian gas concern Gazprom. Klaipėdos Nafta AB (hereinafter, the Company) which is implementing the LNG Terminal Project and performing LNG procurement notes that the Company is bound by confidentiality obligations and thus will not comment on the information related to LNG procurement, including possible proposed prices and participating persons. The Company points out that the information published in the press is hearsay, which the investors should not be guided by. The LNG pricing will become known to the Company only after the completion of negotiations on material LNG acquisition conditions with the suppliers participating in procurement procedures and conclusion of respective legally binding agreement. Mantas Bartuška, Finance Director, 8 46 391 763