Klaipedos Nafta: AB Klaipedos Nafta preliminary activity and revenue results for the November 2017

AB Klaipedos Nafta preliminary activity and revenue results for the November
2017 

During November 2017 in AB Klaipedos nafta (hereinafter - the Company) reloaded
646 thousand tons of petroleum products into its storage tanks of Klaipeda and
Subacius oil terminals, i.e. greater by 18.8 per cent compared to November
2016, when 544 thousand tons were reloaded. 

During 11 months of 2017 the Company in total reloaded 6,342 thousand tons of
petroleum products into its storage tanks or less by 6.2 per cent compared to
the same period of 2016 when 6,758 thousand tons were reloaded. 

Improved geopolitical situation and Company's ability to attract new clients
and new oil products in the second half of 2017 enables the Company to get
closer to the transhipment level of 2016 year. 

In November 2017 in the Liquefied Natural Gas (LNG) terminal of the Company 527
thousand MWh of the natural gas were re-gasified and supplied to the natural
gas transmission system, while in November 2016 - 911 thousand MWh. During the
first eleven months of 2017 the Company in total re-gasified and reloaded
12,187 thousand MWh of the natural gas (during the same period of 2016 - 13,761
thousand MWh). 

The preliminary sales revenues for November 2017 of Company's oil terminals'
comprise EUR 3.5 million and are higher by 40.0 percent compared to the same
period of 2016 (EUR 2.5 million). The preliminary sales revenues for January -
November 2017 of the Company's oil terminals comprise EUR 33.7 million and are
less by 1.7 per cent compared to the same period of 2016 (EUR 34.3 million). 

The preliminary sales revenues of the Company's LNG Terminal for November 2017
comprise EUR 5.5 million (November 2016 - also EUR 5.5 million). These revenues
comprise from the part of security supplement dedicated for compensation of LNG
terminal exploitation expenses, as well as regasification and reloading
tariffs. The preliminary revenues of the LNG terminal for the first eleven
months of 2017 comprise EUR 62.7 million and increased by 2.0 per cent compared
to the same period of 2016 (EUR 61.5 million). 

Total preliminary sales revenues of the Company for the first eleven months of
2017 comprise EUR 96.4 million, i.e. 0.6 per cent higher compared to same
period 2016 (EUR 95.8 million). 

Petroleum products transhipment and LNG re-gasification and reloading:

                                         November           January - November  
--------------------------------------------------------------------------------
                                    2017  2016  Change,   2017    2016   Change,
                                                   %                        %   
--------------------------------------------------------------------------------
Petroleum products transhipment,     646   544   18.8%    6,342   6,758   -6.2% 
 thousand tons                                                                  
--------------------------------------------------------------------------------
LNG re-gasification and reloading,   527   911   -42.2%  12,187  13,761   -11.4%
 thousand MWh                                                                   
--------------------------------------------------------------------------------

Petroleum products transhipment and LNG re-gasification and reloading in 2017
by month: 

        Januar  Februa  March  April   May   June   July  August  Septem 
Octobe  Novemb 
           y      ry                                               ber       r 
    er 
--------------------------------------------------------------------------------
-------- 
Petrol   625     561     368    435    668    605   671    627     666     471 
   646 
eum 
 produ 
cts 
 trans 
hipmen 
t, 
 thous 
and 
 tons 
--------------------------------------------------------------------------------
-------- 
LNG      784     105     652   1,436  1,233   659  1,668   2,176   1,955   993 
   527 
 re-ga 
sifica 
tion 
 and 
 reloa 
ding, 
 thous 
and 
 MWh 
--------------------------------------------------------------------------------
-------- 

Preliminary revenues of the Company, EUR million:

                                November         January - November  
---------------------------------------------------------------------
                         2017  2016  Change, %  2017  2016  Change, %
---------------------------------------------------------------------
Oil terminals' activity   3.5   2.5    40.0%    33.7  34.3    -1.7%  
---------------------------------------------------------------------
LNG terminal activity     5.5   5.5     0%      62.7  61.5     2.0%  
---------------------------------------------------------------------
Total:                    9.0   8.0    12.5%    96.4  95.8     0.6%  
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         Marius Pulkauninkas, Chief Financial Officer, 8 46 391 763