AB Mazeikiu Nafta announces having got a notice from its major shareholder PKN ORLEN S.A. informing about the end of the squeeze-out of AB Mazeikiu Nafta shares. The squeeze-out of AB Mazeikiu Nafta shares was ended on the 21st of May, 2007. It is also declared that PKN ORLEN S.A. applied to the court on the 23rd of May requesting, in accordance with the terms set in Article 37 part 11 of the Law on Securities of the Republic of Lithuania, to obligate account managers to make records in the security accounts about the transfer of ownership right of the shares to PKN ORLEN S.A., as the shareholder executing the squeeze-out, from the shareholders who had not sold their shares during the squeeze-out.

There is an intention to address the Board of the Vilnius Stock Exchange regarding the stopping of AB Mazeikiu Nafta shares trading five business days before the hearing, in which the approval of the afore mentioned decision would be considered. If the court determines to obligate account managers to make records in the security accounts about the transfer of ownership right of the shares to PKN ORLEN S.A., as the shareholder executing the squeeze-out, and transfer all the shares to PKN ORLEN S.A. following the court decision, AB Mazeikiu Nafta shares would not meet the requirements set in the Trading Rules of the Vilnius Stock Exchange and therefore would have to be delisted from the trading lists of the Stock Exchange.

Before the afore mentioned court hearing, AB Mazeikiu Nafta shares will be further bought out from the shareholders in every branch of AB SEB Vilniaus Bankas during business hours following the same procedure and paying the same purchase price (LTL 10.25 per 1 (one) ordinary registered share of AB Mazeikiu Nafta) as during the execution of the squeeze-out.

Spokesman to AB Mazeikiu Nafta 
Mindaugas Voldemaras
tel. +370 443 92608