Notice on the convened extraordinary general meeting of shareholders of Klaipedos Nafta AB

1/25/2013 1:46 PM EST

Klaipedos Nafta AB
Notification on material event

Notice on the convened extraordinary general meeting of shareholders of
Klaipedos Nafta AB

We hereby inform you that on the initiative and by the decision of the Board of
AB Klaipedos nafta, code 110648893, registered at Buriu st. 19, Klaipeda
(hereinafter, the “Company”), an extraordinary general meeting of shareholders
of the Company was convened on 25 January 2013 at 1.00 p.m. The meeting was
held in the registered office of the Company at Buriu st.19, Klaipeda, in the
premises of the administration of the Company. 

Agenda of the meeting:

1. On approval of the decision of the Board of the Company, according to which
it was decided to conclude the contract for with the winner of international
public tender “Natural Gas Pipeline System Engineering, Procurement and
Construction (EPC) Works. 

Decisions adopted:

“1. To approve the decision of the Board of AB Klaipedos Nafta, according to
which it was decided: 

1.1 to conclude the contract for Natural Gas Pipeline System Engineering,
Procurement and Construction (EPC) Works (hereinafter referred to as the
Works), necessary in constructing the connection between the Liquefied Natural
Gas (LNG) Terminal’s embankment within the port area of Klaipeda State Sea Port
(near the northern part of Kiaules nugara island) and Lithuanian natural gas
transportation system (gas pipeline Jurbarkas–Klaipeda (part Taurage–Klaipeda)
near Klaipeda DSS-2, situated at Kiškenai village, Dovilai eldership, Klaipeda
district municipality) (hereinafter referred to as the Contract) with the
winner of Klaipedos nafta, AB international public tender, conducted by a way
of public negotiations “Natural Gas Pipeline System Engineering, Procurement
and Construction (EPC) Works”, who proposed the lowest price for all the scope
of works – the consortium of Kauno dujotiekio statyba, AB and Šiauliu
dujotiekio statyba, UAB (hereinafter referred to as the Contractor). 

1.2. the total fixed price for all the works under the Contract shall be
137,999,391.00 Lt (one hundred thirty seven millions nine hundred ninety nine
thousands three hundred and ninety one litas) without VAT and 166,979,263.10 Lt
(one hundred sixty six millions nine hundred seventy nine thousands two hundred
sixty three litas and ten cents) with VAT, that at the day of the conclusion of
the Contract is equal to 21 percent. This fixed price can increase only in the
exclusive cases provided for in the Contract. Klaipedos nafta, AB shall be
paying the indicated fixed sum only for the indicated fixed sum only for the
actual works performed under the Contract. 

1.3. All the works under the Contract shall be finished till 1 October 2014.
The performance terms may only be extended in the exclusive cases set forth in
the Contract. 

2. To establish, that the Agreement may be concluded only after the expiry of
the period of deferment of 15 days which is applicable to the conclusion of the
Agreement in accordance with paragraph 22 of Article 2 of the Law of the
Republic of Lithuania on Public Procurement, and in case there shall be no
obligations or decisions, issued by the institutions, having the relevant
authorities, which would prohibit to sign the Agreement with the concrete
Contractor, which has won the public procurement.” 






         Director of Finance and Administration Department, Mantas Bartuška, (+
370 46) 391 763