Klaipedos Nafta: Received authorization of Ministry of Finance of the Republic of Lithuania

AB Klaipedos nafta (hereinafter - the Company) received authorization from the Ministry of Finance of the Republic of Lithuania:

1. to transfer (invest) the activity of the liquefied natural gas terminal in Klaipeda as a property complex to the Company's 100% controlled subsidiary UAB SGD terminalas, legal entity code 304977459, (hereinafter - the Subsidiary) by increasing the authorized capital of the Subsidiary;
2. as a parent Company, to provide a corporate guarantee to UAB Hoegh LNG Klaipeda and HÖEGH LNG LTD for the performance of liabilities of the Subsidiary under the time charter party (lease agreement), dated 2 March 2012.

Jonas Lenkšas, Chief Financial Officer, [phone]