KN Energies AB

Earnings Release • Jun 5, 2015

Disclosure 325037

Klaipedos Nafta - Notification on material event

SC Klaipedos Nafta transhipment and revenue results for the May 2015

During May 2015 SC Klaipedos nafta (hereinafter - “the Company”) reloaded 703 thousand tons of petroleum products into its storage tanks of Klaipėda oil terminal and Subacius fuel base (SFB), i.e. greater by 49.2 percent compared to May 2014, when 471 thousand tons were reloaded. Total during the first five months of 2015 the Company reloaded 2,694 thousand tons of petroleum products into its storage tanks, greater by 28.6 percent compared to the same period of 2014 when 2,094 thousand tons were reloaded. The main reason for the transhipment volume growth in 2015 is the larger volume of petroleum products delivered both from SC Orlen Lietuva refinery and from Belarus refineries. During May 2015 in the Liquefied Natural Gas (LNG) Terminal of the Company 430 thousand MWh (total during the first five months of 2015 2,289 thousand MWh) of the natural gas were re-regasified and supplied to the natural gas transmission system (this activity started to be carried out on 27 November 2014). The preliminary sales revenues of the Company's Oil terminal and Subacius fuel base for May 2015 comprise EUR 3.6 million (LTL 12.4 million); greater by 38.5 percent compared to May 2014 (i.e. EUR 2.6 million or LTL 9.0 million). The preliminary sales revenues of the Company's LNG Terminal for May 2015 comprise EUR 5.4 million (LTL 18,6 million), which is equal to the one twelfth of the sum of necessary LNG Terminal operation costs and return on investments into LNG Terminal infrastructure for the year 2015, approved by the National Commission for Energy Control and Prices. The preliminary sales revenues of SC Klaipedos Nafta oil terminal and SFB for the first five months of 2015 comprise EUR 18.2 million (LTL 62.8 million) and are greater by 25.5 percent compared to the same period of 2014 (EUR 14.5 or LTL 50.1 million). Total preliminary revenue of the Company for the first five months of 2015 comprise EUR 45.2 million (LTL 156.1 million) while for the same period of 2014 it was EUR 14.5 million (LTL 50.1 million). Marius Pulkauninkas, Director of Finance and Administration Department, tel. 8 46 391763