In accordance with the Time Charter Party and upon the set deadline AB Klaipedos nafta (hereinafter – the Company) has notified HÖEGH group companies that the Company exercises an option right to acquire the floating storage regasification unit (FSRU) INDEPENDENCE (hereinafter – FSRU). After fulfilling all the option conditions specified in the Time Charter Party, the Company will acquire the FSRU no later than 6 December 2024. Until then the Company will continue to lease the FSRU under the same conditions.

The Company notes that an investment in the FSRU, as a regulated activity asset, was approved by resolution No. O3E-13 of 7 January 2022 of the National Energy Regulatory Council. In addition, on 9 March 2020 the Company concluded the loan agreement with the Nordic Investment Bank with the purpose to finance such investment (reference: https://view.news.eu.nasdaq.com/view?id=b2e98bfa5a42f5597f5dbca3a15cc0894&lang=en).

It should be recalled that information about the decision to acquire FSRU and the main conditions was published in the Company’s notification on material event on 25 February 2022 (reference: https://view.news.eu.nasdaq.com/view?id=b4fb347dba2b0e58875a432a8a0f13581&lang=en).

Mindaugas Kvekšas, Chief Financial Officer, +370 46 391 772