KLAIPEDOS NAFTA

MATERIAL EVENT



MEMBER OF THE BOARD ELECTED



(Unofficial Translation Done at the NSEL)



At the meeting held on 24 April 2004, the Supervisory Board of Klaipėdos

Nafta AB removed from office member of the Board Kipras Balkevicius and elected

Robertas Tomasiunas, head of the Petroleum Division of Energy Resources

Department of the Ministry of Economy, member of the Board.





D.Jasadaviciute

Chief Lawyer

(370 46) 391626