Ordinary General Meeting of Shareholders of AB Mazeikiu Nafta decided:

(i) To take into consideration Report prepared by UAB PricewaterhouseCoopers, the Auditor of AB Mazeikiu Nafta, on AB Mazeikiu Nafta Company Financial Statements (Stand Alone) for the year ended 31 December 2006, and AB Mazeikiu Nafta Consolidated Financial Statements for the year ended 31 December 2006, while considering the issues on the agenda of this ordinary General Meeting of Shareholders regarding the approval of the indicated financial statements;

(ii) To approve AB Mazeikiu Nafta Company Financial Statements (Stand Alone) for the year ended 31 December 2006;

(iii) To approve AB Mazeikiu Nafta Consolidated Financial Statements for the year ended 31 December 2006.

(iv) To approve the profit (loss) appropriation of AB Mazeikiu Nafta for the financial year 2006 (attached); Based on the profit (loss) appropriation approved, the amount of 52 thousand US dollars (132 thous. LTL or 38 thous. EUR) has been appropriated to legal reserves, while the balance of the profit to be appropriated in the amount of 463,918 million US dollars (1,141,114 thous. LTL or 330,489 thous. EUR) has been carried forward to the next financial year;

(v) To elect UAB KPMG Baltics as the Auditor of AB Mazeikiu Nafta for the period of 1 (one) year, and establish the fee amounting to 870,000 (eight hundred seventy thousand) Litas, without VAT, payable for audit of the annual financial statements for the year 2007 and review of the interim (quarterly) financial statements, including all necessary associated expenses;

(vi) (i) To recall Vytautas Arðauskas, Vladas Kazimieras Gagilas and Genovaitë Geleževièienë from the members of the Supervisory Council of AB Mazeikiu Nafta before expiry of the term of the current Supervisory Council;

(vi) (ii) To elect Arûnas Laurinaitis, Robertas Tamoðiûnas and Gediminas Vaièiûnas as new members of the Supervisory Council of Mazeikiu Nafta for the term of the current Supervisory Council.

Profit (loss) appropriation of AB Mazeikiu Nafta for the financial year 2006 pdf

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

Vita Petrosiene, CFO