The Management Board of Grupa LOTOS SA informs that on 20 July 2005, Grupa LOTOS SA and Bank Millennium SA signed a credit agreement for a stand-by credit of up to PLN 300,000,000. The purpose of the credit is to secure bills of exchange issued for customs authorities as a collateral of customs receivables of Grupa LOTOS SA mainly in relation to the dispatch of products under the procedure of suspended excise duty payment. The financial terms and conditions of the credit are not materially different from the market terms and conditions applied to such types of loans. The term of the agreement is 12 months. The agreement has been classified as a material agreement, as its value exceeds 10% of the Company's equity. Agreement value in PLN thousands: 300 000.00