The Executive Board of Grupa LOTOS SA hereby reports that on December 30th 2005, Grupa LOTOS SA, LOTOS Partner Sp. z o.o. (wholly-owned subsidiary of Grupa LOTOS SA) and Shell Polska Sp. z o.o. executed a material agreement concerning sale and supply of liquid fuels to Shell Polska Sp. z o.o. The agreement replaced the sale agreement, which is to expire on December 31st 2005, executed between LOTOS Partner and Shell Polska Sp. z o.o. (described in the Issue Prospectus of Grupa LOTOS SA in Section 11.3.2, page 170). If LOTOS Partner fails to supply to Shell Polska Sp. z o.o., or Shell Polska Sp. z o.o. fails to collect, a minimum quantity of fuel as stipulated in the agreement, the affected party may demand from the other party payment of contractual penalties up to the maximum amount of PLN 10,000 thousand. The agreement does not contain any provisions that would preclude the right to seek additional compensation under laws of general application. The agreement was concluded for a definite term – until December 31st 2006. The estimated value of the agreement is PLN 410,000 thousand, and its provisions do not differ from standard terms and conditions of such agreements. The agreement was deemed material as its value exceeds 10% of the 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 Reports to Be Disclosed by Issuers of Securities, dated October 19th 2005.