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Agreement with a related entity
Report no. 96/20052005-07-04

Today, the Management Board of Grupa LOTOS SA was informed that on 1 July 2005 a transaction was executed between Lotos Asfalt Sp z o.o. and Rafineria Czechowice SA (Lotos Asfalt Sp. z o.o. is in 100% controlled by Grupa LOTOS SA, while in Rafineria Czechowice SA, Grupa LOTOS SA has 80.04% shareholding). Under the aforementioned transaction, Rafineria Czechowiece SA sold to Lotos Asfalt Sp. z o.o. its real estate and other assets related to asphalt production. The value of the transaction was PLN 2,500,000, and hence exceeded the equivalent of EUR 500,000. The transaction is a part of the process of reorganising the structure of Grupa LOTOS SA Capital Group. Transaction value in PLN thousands: 2 500.00