OREANDA-NEWS. On the initiative of and following resolution of the Management Board of SC Klaipedos Nafta, the Extraordinary General Shareholders’ Meeting of the Company will be convened on 27 July 2011 at 11.00 The Meeting will take place at the Company's premises at Buriu 19, Klaipeda.

The Agenda of the Meeting is as follows:

Regarding the approval of the Financial Statements for the year 2010.

Regarding the appropriation of the Company's profit (loss) for the year 2010.

Regarding the approval of the resolution of the Management Board of SC Klaipedos Nafta to conclude an Agreement with the winner of the tender organized according to the procedure of the publicized negotiations for the procurement of the Lead Adviser’s services.

The following draft resolutions are being proposed:

 1. „To approve the audited Financial Statements for the year 2010, prepared in accordance with the International Financial Reporting Standards”

 2. „As appropriation of the Company's profit (loss) during the Extraordinary General Shareholders’ Meeting could breach the Law of Joint Stock Companies, to postpone the decision regarding the appropriation of the Company's profit (loss) for the year 2010 until the General Shareholders’ Meeting will be held by carrying over profit (loss) to the next financial year Appendix No 1 (Attached) ”.

 3. „To approve to the conclusion of the Services Agreement with the company Fluor S. A. - the winner of the tender organized according to the procedure of the publicized negotiations for the procurement of the Lead Advisor’s services for preparation and implementation of liquefied natural gas terminal’s project.

The shareholders are registered from 10.00 to 10.45 local time. The participants attending the Meeting shall provide a personal identification document (an authorized representative – a proxy certified in accordance with the established procedure. The proxy issued by a natural person shall be notarized. The proxy issued in a foreign country shall be translated into the Lithuanian language and legalized in accordance with the procedure established by the laws).

A shareholder or his/her authorized person shall have the right to vote in advance in writing by filling in the general ballot paper. Upon the request of the shareholder, the Company shall send the general ballot paper by registered post free of charge at least 10 days before the General Shareholders’ Meeting. The filled-in general ballot paper and the document certifying the right to vote shall be submitted to the Company not later than on the last working day before the General Shareholders’ Meeting by registered post to the aforementioned address of the Company.

The company will not provide an opportunity to participate and vote at the Meeting by using electronic means of communication.

The record date of the Meeting shall be 20 July 2011 (the right to attend and vote at the General Shareholders’ Meeting shall be granted only to those persons who were shareholders at the end of the record date of the General Meeting or their authorized persons, or persons with whom an agreement on transfer of the voting right has been concluded).

The record date of the Shareholders’ rights shall be 10 August 2011 (the property rights shall be provided to those persons who were shareholders at the end of the 10th day after the respective decision adopting General Shareholders’ Meeting).

Implementation procedures of the shareholders’ rights stated in sub-paragraphs 1, 2 and 3 of paragraph 1 of Article 26-1 of the Law on Companies are presented on the Company’s website.

 The Company’s shareholders will be able to get familiar with draft resolutions of the Meeting and additional material, the form of the general ballot paper, in accordance with the procedure prescribed by laws on website www.oil.lt of the Company or at the Company’s office premises Buriu 19, Klaipeda, Enterprise code 110648893, phone No.(8-46) 391626, Irena Barauskaite – Gaiziuniene.