OREANDA-NEWS. May 25, 2012. The Bank of Lithuania approved the Prospectus of ordinary registered shares of Klaipedos nafta AB (hereinafter, the “Company”).

The approved Prospectus is designated to the offering of newly issued shares of the Company to the existing shareholders of the Company with the total nominal value of up to LTL 47,711,022 (number of shares – up to 47,711,022, nominal value of one share is LTL 1, issue price of one share is LTL 1.35) and admission of them to trading on the Secondary List of AB NASDAQ OMX Vilnius.

The decision with regard to issue of shares, offering of them to the current shareholders of the Company and admission to trading on a regulated market has been adopted in the annual general meeting of shareholders of the Company on 27 April 2012 and has been detailed by a decision of the Board of the Company on 21 May 2012.

Subscription period of the newly issued shares of the Company, indicated in the Prospectus – 14 calendar days, counting it from the day of public announcement of the notification on the offer to acquire shares of the Company by exercising the pre-emptive right by the Register of Legal Persons (the day of publication of the offer to acquire shares of the Company by exercising the pre-emptive right shall not be included in the term). The persons, who were the owners of the ordinary registered shares of the Company at the end of 14 May 2012, shall have a right to subscribe for new shares of the Company.

It will be announced on the commencement of subscription of new shares of the Company, providing a relevant notification on material event.

Taking into consideration that following the applicable legislation the prospectus was prepared in Lithuanian language, Klaipedos nafta AB deems it not to be practicable to translate the prospectus into English language. Thus, the attached prospectus is provided in Lithuanian language.