On the initiative of and following resolution of the Management Board of SC Klaipėdos Nafta, the Ordinary General Shareholders' Meeting of the Company will be convened on 27 April 2010 at 01.00 p.m. The Meeting will take place at the Company's office premises Burių 19, Klaipėda. The Agenda of the Meeting is as follows: 1.Regarding the Annual Report of the Company for the year 2009. 2.Regarding the Auditor's Opinion and Report on the Company's Annual Financial Statements for the year 2009. 3.Regarding approval of the Annual Financial Statements for the year 2009. 4.Regarding appropriation of the Company's profit (loss) for the year 2009. 5.Regarding selection of the firm of auditors and establishment of terms of remuneration for audit services. 6.Regarding removal of the Supervisory Board of the Company. 7.Regarding election of the new Supervisory Board. 8.Regarding amendment of the Company‘s Articles of Association. Registration of the shareholders starts at 12.00 a.m. The participants attending the Meeting shall provide a personal identification document (an authorized representative - a proxy certified in accordance with the established procedure. The proxy issued by a natural person shall be notarized. The proxy issued in a foreign country shall be translated into the Lithuanian language and legalized in accordance with the procedure established by the laws). A shareholder or his/her authorized person shall have the right to vote in advance in writing by filling in the general ballot paper. Upon the request of the shareholder, the Company shall send the general ballot paper by registered post free of charge at least 10 days before the General Shareholders' Meeting. The filled-in general ballot paper and the document certifying the right to vote shall be submitted to the Company not later than on the last working day before the General Shareholders' Meeting by registered post to the aforementioned address of the Company. The company will not provide an opportunity to participate and vote at the Meeting by using electronic means of communication. The record date of the Meeting shall be 20 April 2010 (the right to attend and vote at the General Shareholders' Meeting shall be granted only to those persons who were shareholders at the end of the record date of the General Meeting or their authorized persons, or persons with whom an agreement on transfer of the voting right has been concluded). The record date of the Shareholders' rights shall be 11 May 2010 (the property rights shall be provided to those persons who were shareholders at the end of the 10th day after the respective decision adopting General Shareholders' Meeting). Implementation procedures of the shareholders' rights stated in sub-paragraphs 1, 2 and 3 of paragraph 1 of Article 26-1 of the Law on Companies are presented on the Company's website. The Company's shareholders will be able to get familiar with draft resolutions of the Meeting and additional material, the form of the general ballot paper, in accordance with the procedure prescribed by laws at the Company's office premises Burių 19, Klaipėda, Enterprise code 110648893, phone No.(8-46) 391636 or on website www.oil.lt. The Board of SC KLAIPĖDOS NAFTA proposes the following draft resolutions (see the attached) on the issues on the agenda of the Ordinary General Meeting to be held on 27 April 2010: 1. “Take into account the Annual Report of the Company for the year 2009, while approving a set of Annual Financial Statements (attached)”. Decision on this issue shall not be taken. 2. “Take into account the Auditor's Opinion and Report for the year 2009 (attached)”. Decision on this issue shall not be taken. 3. “Approve a set of Annual Financial Statements of SC Klaipedos Nafta for the year 2009 (the documents are attached)”. 4. “Appropriate Company's profit (loss) for the year 2009, Appendix 1 (attached)”. 5. “Elect the firm of auditors - UAB “KPMG Baltics” Klaipėda branch - as the Auditor of SC Klaipėdos Nafta for the term of the years 2010 and 2011 and set remuneration in the amount of LTL 110 000 (one hundred and ten thousand) excl. VAT (LTL 55 000 - for 2010; LTL 55 000 - for 2011) for the audit of the Annual Financial Statements”. 6. “Remove the Supervisory Board of the Company”. 7. “Elect the following members into the Supervisory Board of SC Klaipėdos Nafta for a four year term of office: ………. “. 8. “Amend Company‘s Articles of Association and set them out in the new wording (attached). Authorise Mr. Jurgis Aušra, Director General of the Company, to sign the new full text of the amended Articles of Association and submit them to the Administrator of the Register of Legal Persons according to the procedure established by laws”. Irena Barauskaitė-Gaižiūnienė +370 46 391 626