On 29 August 2012 AB Klaipėdos Nafta (hereinafter, the Company) and state enterprise Lithuanian Oil Products Agency (hereinafter, the Agency) has signed a lease contract for 10 (ten) years under which the assets forming the Subačius fuel facilities, which are located in Kunčiai village and Subačius city, Kupiškis district municipality, will be leased. This contract will come into force on 3 September 2012.
The parties agreed in the contract that the rent to be paid for lease of the assets forming the Subačius fuel facilities will amount to LTL 2.10, plus the VAT, from 2012 to 2016 and to LTL 4.10, plus the VAT, from 2017 to 2021 for each ton of oil products stored during a month. The rate of the rent will be indexed annually based on changes in the consumer price index.
Mantas Bartuška, Finance Director, 8 46 391 763