KN Energies AB

AGM Information • May 6, 2016

Draft decisions of the extraordinary general meeting of shareholders of AB Klaipedos Nafta to be held on 30 May 2016

On 6 May 2016 the Board of AB Klaipedos nafta, legal entity code 110648893, registered at Buriu st. 19, Klaipeda (hereinafter referred to as the Company), decided, inter alia:

To approve the following draft decision of the extraordinary general meeting of shareholders, to be held on 30 May 2016, with respect to the following matter on the agenda:

$\mathbf{I}$ . Regarding the amendment of 25 August 2015 decision "Regarding the approval of the decision of AB Klaipedos Nafta's Board to implement oil terminal expansion investment project" item No 1:

"To approve the decision of AB Klaipedos Nafta's Board and respectively amend the 25 August 2015 decision of AB Kaipedos Nafta's general meeting of the shareholders "Regarding the approval of the decision of AB Klaipedos Nafta's Board to implement oil terminal expansion investment project" item $No 1:$

"1. To amend the 31 July 2015 AB Klaipedos Nafta's Board decision "Regarding the investment into oil terminal expansion" item No 1 to the following:

"1. AB Klaipedos Nafta to implement oil terminal expansion (the expansion of the oil truck lot capacities, construction of fuel oil with water tanks and expansion of light oil product tanks) investment project for the total price not exceeding 13.1 million EUR (without VAT)."

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