OREANDA-NEWS. August 23, 2016. We hereby inform you that on the initiative and by the decision of the Board of AB Klaip?dos nafta code 110648893, registered at Buri st. 19, Klaipeda (hereinafter, the “Company”), an extraordinary general meeting of shareholders of the Company was convened. The meeting was held in the registered office of the Company at Buri? st.19, Klaipeda.

Agenda of the meeting:

1. Regarding the approval of the decision of AB Klaipedos nafta Board to implement II stage of AB Klaipedos nafta oil terminal expansion (supplementary railway track and trestle, expansion of light oil product tanks) investment project.

Decisions adopted:

1. Regarding the approval of the decision of AB Klaipedos nafta Board to implement II stage of AB Klaipedos nafta oil terminal expansion (supplementary railway track and trestle, expansion of light oil product tanks) investment project:

“To approve the decision of AB Klaipedos nafta Board:

1. To implement II stage of oil terminal expansion (supplementary railway track and trestle, expansion of light oil product tanks) investment project of AB Klaipedos nafta, for the price not exceeding 49,4 mln. EUR (without VAT), and the reserve of 10 percent, which can be used only on extraordinary circumstances.”

2. To establish that the aforementioned decision comes into force only if it is approved by the general meeting of the shareholders of AB Klaipedos nafta, as of the day of adoption of such decision of the general meeting of the shareholders.”