Notice on concluded contracts

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| Source: Amber Grid
multilang-release

On 11 July 2014, having received an ascent of the Board of Directors, AB Amber Grid (legal entity code 303090867, registered address Savanorių g. 28, LT-03116 Vilnius, Republic of Lithuania) (hereinafter referred to as Amber Grid or the Company) signed contracts on contract works of the construction of gas pipeline Klaipėda-Kuršėnai (in the implementation of the project of enhancing capacities of gas pipeline Klaipėda-Kiemėnai) and the purchase of pipes necessary for the construction.

Contact on the purchase of the construction works of gas transmission pipeline Klaipėda–Kuršėnai was concluded with UAB Alvora, operating under a joint venture agreement together with UAB Kauno dujotiekio statyba and UAB Šiaulių dujotiekio statyba. The value of the contract LTL 130 million exclusive of VAT.

Contract on the purchase of steel pipes necessary for the construction of gas transmission pipeline Klaipėda–Kuršėnai was concluded with Noksel Celik Boru Sanayi A.S., operating under a joint venture agreement with Borusan Mannesmann Boru Sanayi Ve Tic A.S. and Erciyas Celik Boru Sanayi A.S. The value of the contract – LTL 57 million exclusive of VAT.

The aim of this economic project of state importance is to diversify sources of the supply of gas in the Baltic region, create sufficient capacities for transporting natural gas from the liquefied natural gas (hereinafter – LNG) terminal in Klaipėda to consumers in Lithuania and other Baltic countries, ensure safety and reliability of operations of natural gas system.

A 110 km long, 800 mm wide pipeline going from Klaipėda LNG terminal interconnection point nearby Klaipėda to Kuršėnai will be built for the implementation of the project. The commencement of the pipeline is scheduled in the end of 2015.

The individual authorized by AB  Amber Grid to provide additional information on the material event:

Danas Janulionis

Head of Strategic Planning and External Relations Department

tel: (8 5) 232 7747

fax: (8 5) 236 0850

e-mail: d.janulionis@ambergrid.lt