KN Energies AB — Earnings Release 2008

Nov 5, 2008

Disclosure 263819

Klaipedos Nafta AB - Notification on material event

SC KLAIPĖDOS NAFTA operating results during October of the year 2008

SC KLAIPĖDOS NAFTA operating results during October of the year 2008 : transshipment results- 6794.5 thousand tons of oil products from January 1,2008 including 555.9 thousand tons during October ; earnings (preliminary)- LTL 98.4 million (EUR 28.5 million),including LTL 8.0 million (EUR 2.3 mln)during October. The Company has exceeded the targeted volumes of sales. Successful results of the activities were conditioned increased transportation of oil products from Russian and Byelorussian factories and by the renewed load of SC "Mazeikiu nafta”. Due to objective reasons we do not adjust the final operating results of the year of the year 2008. Irena Barauskaite-Gaiziuniene +370 46 391626