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Significant Agreement Concluded Between LOTOS Paliwa Sp. z o.o. and ARGE Sp. z o.o.
Report no. 96/20052005-11-24

The Executive Board of Grupa LOTOS SA hereby reports that on November 23rd 2005 LOTOS Paliwa Sp. z o.o. (wholly-owned subsidiary of Grupa LOTOS SA) and ARGE Sp. z o.o. concluded a significant agreement on sale and delivery of liquid fuels to ARGE Sp. z o.o. The agreement was concluded for an indefinite term. Its five-year value is estimated at PLN 902,094 thousand. The terms of the agreement do not differ from standard market terms. The agreement is deemed significant as its value exceeds 10% of Grupa LOTOS SA’s equity. Legal basis for the publication of this report: Par. 5.1.3 of the Minister of Finance’s Regulation on current and interim information to be published by issuers of securities, dated October 19th 2005.