Re Squeeze-Out of AB Mazeikiu Nafta Shares

| Source: Mazeikiu Nafta AB Mazeikiu Nafta AB 

AB "Mažeikių nafta"      Notification of Main Event      2007-02-15

Re Squeeze-Out of AB Mazeikiu Nafta Shares

AB Mazeikiu Nafta informs that it has received the "Notice on Squeeze-Out 
of Shares in AB Mazeikiu Nafta" from its main shareholder PKN ORLEN S.A:
The purchase of shares within the squeeze-out process will commence on 
20 February 2007, the price is equal to 10.25 Litas for one share.

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