KN Energies AB

Legal Proceedings Report • Mar 30, 2012

Disclosure 298787

Klaipedos Nafta AB - Notification on material event

Preliminary hearing in the case between Klaipėdos nafta AB and Naftos grupė UAB was held

On 29 March 2012 the preliminary hearing in the Vilnius Regional Court in the case according to claim of claimant Naftos grupė UAB to Klaipėdos nafta AB (hereinafter, the “Company“) for the compensation of allegedly incurred losses of LTL 17 mill., for reimbursement of surplus of oil products to claimant allegedly belonging to Naftos grupė UAB and held by the Company and for recognition the cancellation of Service contract No. 12-12-2005, dated 22-12-2004 due to Company's supposed fault was held (the Company announced on the acceptance of the claim and on provision of counterclaim in the case on 20 April 2011 and 5 July 2011 respectively, by notifying the notifications on material event). During the preliminary hearing the court incorporated to the case additional documents, provided by the parties, also obliged them to provide additional proofs to the court until 30 April 2012. The preliminary hearing was adjourned until 6 June 2012. Mantas Bartuška, Finance Director, 8 46 391 763