KN Energies
General meeting of shareholders

Notice on the convened Extraordinary General Meeting of Shareholders of AB Klaipėdos nafta

We hereby inform you that on the initiative and by the decision of the Board of AB Klaipėdos nafta, legal entity code 110648893, registered address at Burių str. 19, Klaipėda (hereinafter – the Company), an Extraordinary General Meeting of Shareholders of the Company was convened on 25 February 2022 at 1:00 p.m. The meeting was held in the registered office of the Company at Burių str. 19, Klaipėda.

Extraordinary General Meeting of Shareholders of the Company, held on 25 February 2022, adopted the following resolutions:

1. Regarding the approval of AB Klaipėdos nafta’s Board decision to acquire the floating storage regasification unit (FSRU) INDEPENDENCE:

To approve the decision of AB Klaipėdos nafta Board, to:

1. Acquire the following floating storage-regasification unit (FSRU):

1.1. Name of the FSRU – INDEPENDENCE.

1.2. International Maritime Organization identification number - 9629536.

2. Approve the following terms for FSRU INDEPENDENCE acquisition which are predetermined in theTime Charter Party:

2.1.The Buyer shall be KN.

2.2.The Seller shall be HÖEGH LNG KLAIPEDA PTE. LTD, a company incorporated under the laws of Singapore with registered number 201 22 6551 and whose registered office is at 4 Robinson Road, #05-01 The House of Eden, Singapore 048543 or/and its parent company HÖEGH LNG LTD., a company incorporated under the laws of Bermuda with registered number 38061 and whose registered office is at Canon's Court, 22 Victoria Street, Hamilton HM12, Bermuda.

2.3.The price for the FSRU INDEPENDENCE shall be USD 153.500.000,00 (one hundred fifty-three and a half million United States dollars), which excludes value-added tax (VAT). 2.4.The FSRU INDEPENDENCE shall be purchased on an “as is where is” basis.

2.5.The FSRU INDEPENDENCE sale and purchase agreement shall be signed between counterparties no later than 6 December 2024.

2.6.The acquisition of FSRU INDEPENDENCE shall be in line with the other terms and conditions specified in the Time Charter Party, as well as market conditions, market’s best practice and standard of prudent businessman.

Head of Communication Orinta Barkauskaitė
o.barkauskaite@kn.lt, +370 611 27985