Regarding new issue of Mažeikių Nafta AB shares

| Source: Mazeikiu Nafta AB Mazeikiu Nafta AB 

AB "Mažeikių nafta"      Notification of Main Event      2007-01-09

Regarding new issue of Mažeikių Nafta AB shares

On January 8 2007 the Central Securities Depository of Lithuania opened a general 
securities account for new issue of Mažeikių Nafta AB shares in connection with 
the merger of Mažeikių Elektrinė AB with Mažeikių nafta AB:
ISIN code - LT0000127771
Type of securities - Equities
Units - 1 366 992
Nominal value per share - LTL 1 
Total nominal value - LTL 1 366 992 (EUR 395 908)
The newly issued Mažeikių Nafta AB shares are allocated to personal securities 
accounts of entitled shareholders.

Darius Žilinskas
Head of Associated Companies Department
(+370-443) 92442