Notice on Convocation of an Extraordinary General Meeting

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News Desk 2018
Notice on Convocation of an Extraordinary General Meeting of Shareholders of AB Klaipėdos nafta

Notice is hereby given that on the initiative and by the resolution of the Board of AB Klaipėdos nafta, legal entity code 110648893, with the registered office at Burių g. 19, Klaipeda (hereinafter, the Company), from 29 July 2016, an extraordinary General Meeting of Shareholders of the Company will be held on 22 August 2016 at 1:00 p.m. The meeting will be held in the Company’s office at Buriu st. 19, Klaipeda, in the administrative premises of the Company (in the hall of the meeting on the 2nd Floor).

Agenda of the meeting:

1. Regarding the approval of the decision of AB Klaipėdos nafta Board to implement II stage of AB Klaipėdos nafta oil terminal expansion (supplementary railway track and trestle, expansion of light oil product tanks) investment project.

The shareholders will be registered from 12.00 a.m. to 12.55 a.m. The persons intending to participate in the meeting shall have a personal ID document (an authorised representative shall have additionally a proxy approved under the established procedure. The natural person’s proxy shall be notarised. A proxy issued in a foreign state shall be translated into the Lithuanian language and legalised under the procedure prescribed by laws).

A shareholder or his proxy shall have the right to vote in writing in advance by filling in a general ballot paper. At the request of the shareholder, the Company shall send a general ballot paper to the shareholder by registered mail free of charge at least 10 days before the meeting. The filled-in general ballot paper and the document attesting the voting right shall be submitted to the Company no later than until the meeting, sending by registered mail or providing them at the address of the registered office of the Company indicated in the notice.

The shareholders who hold shares carrying at least 1/20 of all the votes may propose additions to the agenda of the general meeting of shareholders by submitting with every proposed additional item of the agenda a draft resolution of the general meeting of shareholders or, when no resolution is required, an explanation. Proposals on addition to the agenda shall be submitted in writing or sent by e-mail. Written proposals shall be submitted to the Company on business days or sent by registered mail at the address of the registered office of the Company indicated in the notice. Proposals submitted by e-mail shall be sent to the following e-mails: info@oil.lt and a.kasparas@oil.lt . The agenda shall be supplemented if the proposal is received no later than 14 days before the extraordinary general meeting of shareholders. If the agenda of the general meeting of shareholders is supplemented, the Company shall notify on the additions no later than 10 days before the meeting in the same ways as in the case of convocation of the meeting.

The shareholders, who hold shares carrying at least 1/20 of all the votes, at any time before the general meeting of shareholders or during the meeting, may propose new draft resolutions on items which are or will be included in the agenda of the meeting. The proposals may be submitted in writing or sent by e-mail. Written proposals shall be submitted to the Company on business days or sent by registered mail at the address of the registered office of the Company indicated in the notice. Proposals submitted by e-mail shall be sent to the following e-mails: info@oil.lt and a.kasparas@oil.lt .

The shareholders shall have the right to submit to the Company in advance questions relating to the items on the agenda of the meeting. The shareholders may submit their written questions to the Company on business days or send by registered mail at the address of the registered office of the Company indicated in the notice no later than 3 business days before the meeting. The Company will reply to the questions by e-mail or in writing before the meeting, except the questions which are related to the Company’s commercial (industrial) secret, confidential information or which have been submitted later than 3 business days before the meeting.

The Company does not provide the possibility of participating and voting at the meeting by means of electronic communications means.

The Shareholder shall have the right to authorize through electronic communications means another person (natural or legal) to participate and vote in the meeting on behalf of the shareholder. No notarisation of such authorization is required. The shareholder must confirm the proxy issued through electronic communications means by an electronic signature developed by a secure signature-creation device and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the proxy issued through electronic communications means to the following e-mails: info@oil.lt and a.kasparas@oil.lt no later than until the last business day before the meeting at 1:00 p.m. The proxy and the notice must be issued in writing. The proxy and the notice to the Company shall be signed with the electronic signature but not the letter sent by e-mail. By submitting the notice to the Company, the shareholder shall include the internet address from which it would be possible to download software free of charge to verify the shareholder’s electronic signature.

The record date of the meeting shall be 12 August 2016 (only those persons who will be shareholders of the Company at the close of the record date of the general meeting of shareholders or their authorised persons, or persons with whom an agreement on assignment of the voting right has been executed, may participate and vote at the general meeting of shareholders).

The shareholders of the Company may familiarise with the draft resolution of the meeting and the form of the general ballot paper under the procedure prescribed by laws in the registered office of the Company at Burių st. 19, Klaipeda (tel.: 8 46 391636), or on the Company’s website at http://www.oil.lt/ . The following information and documents shall be provided on the abovementioned internet website of the Company:

- the notification on convocation of the meeting;

- total number of the Company’s shares and the number of shares with voting rights on the convening day of the meeting.

Enclosed:

1. Draft decision of the General Meeting of Shareholders.

2. General voting ballot paper of the General Meeting of Shareholders.

         Marius Pulkauninkas, Director of Finance and Administration Department, +370 46 391 763.

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