The Management Board of Grupa LOTOS S.A. hereby reports that on December 30th 2008, LOTOS Jasło S.A. (controlled by Grupa LOTOS S.A. in 80.01%) and Mr. Andrzej Dzięglewicz (President of the Management Board of Chemipetrol Sp. z o.o.) entered into an agreement concerning sale of shares in Chemipetrol Sp. z o.o.

The agreement provides for the sale of 1,100 shares in Chemipetrol Sp. z o.o. with the par value of PLN 50 per share, representing 100% of the company’s share capital and conferring the right to 100% of the votes at its General Shareholders Meeting.
The value of the transaction was set at PLN 266 thousand.
The transaction constitutes an element the LOTOS Group reorganisation and streamlining process.
The ownership right to the shares will be transferred onto the purchaser on December 30th 2008.

As at the agreement date, the book value of the shares in the accounting books of LOTOS Jasło S.A. was PLN 55 thousand.
The assets transferred under the agreement are considered significant due to the fact that they represent over 20% of Chemipetrol Sp. z o.o.’s share capital.
There are no links between LOTOS Jasło S.A. or the members of its management or supervisory bodies and the purchaser.

The legal basis for the publication of this Current Report is Par. 5.1.1 of the Regulation of the Minister of Finance on current and periodic information to be published by issuers of securities, dated October 19th 2005.