Repeat Extraordinary General Meeting of Shareholders held on January 17, 2006 decided as follows:

To approve the preparation of the Terms of Reorganization of AB Mazeikiu Nafta whereby AB Mazeikiu Elektrine ceases to exist after its merger into AB Mazeikiu Nafta continuing after the reorganization, and assign the Board of the Company to prepare (draw up) the Terms of Reorganization in accordance with the procedure established by applicable legal acts.

Contacts:
Giedrius Karsokas
AB Mazeikiu Nafta
tel. +370 610 65298
fax +370 443 92579
giedrius.karsokas@nafta.lt