KN Energies AB

Earnings Release • Feb 11, 2010

Disclosure 275890

Klaipedos Nafta AB - Notification on material event

Profit of the year 2009

During the year 2009 SC Klaipedos Nafta reloaded 7.66 million tones of oil products, by 7 per cent more than the targeted transshipment volume of 7.1 million tones for 2009 corresponding to the designed annual capacity of the Terminal. The Company received sales income in the amount of LTL 116.3 million and by 17 per cent exceeded the targeted index of sales income (LTL 99.6 million) and generated unaudited pre-tax profit of LTL 42.6 million. Under the prevailing conditions of economic recession with the decreased demand for oil products on the global market SC Klaipedos Nafta during the year 2009 if compared to the year 2008 generated by 29 per cent greater unaudited pre-tax profit (pre-tax profit of 2009 - LTL 42.6 million; of 2008 - LTL 33.0 million). The successful performance of the Company was determined by a flexible reloading tariff policy, constant investments into the upgrading of the Terminal so that it should keep operating on the competitive market as an up-to-date, universal and attractive to the Clients Oil Terminal. The (unaudited) results of the Company's performance during the year 2009 were presented at the meeting of the Board of the Company on 10 February 2010. I.Barauskaite-Gaiziuniene +37046 391 626