The Management Board of Grupa LOTOS S.A. hereby reports that on January 29th 2010 the Company received a notification from the Minister of State Treasury concerning a disposal of a significant block of shares in the Company, namely of 14,000,000 (fourteen million) ordinary bearer shares with a par value of PLN 1.00 (one złoty) per share, representing 10.78% of Grupa LOTOS S.A.’s share capital and conferring the rights to 14,000,000 (fourteen million) votes, representing 10.78% of the total vote in the Company.
1. Date and type of event which led to the notified change in the shareholding
On January 22nd 2010, an aggregate of 14,000,000 (fourteen million) ordinary bearer shares in Grupa LOTOS S.A., designated with code No.: ISIN PLLOTOS00025, owned by the State Treasury, were sold in block transactions from the account of the Ministry of State Treasury operated by Bank Handlowy w Warszawie S.A. in accordance with orders placed on January 22nd 2010, concerning:
1) sale of 4,222,564 shares – orders accepted by Dom Maklerski Banku Handlowego S.A.,
2) sale of 3,162,425 shares – orders accepted by IPOPEMA Securities S.A.,
3) sale of 3,311,825 shares – orders accepted by Dom Inwestycyjny BRE Banku S.A.,
4) sale of 3,303,186 shares – orders accepted by ING SECURITIES.
2. Number of shares held prior to the change and their percentage share in the Company’s share capital, and number of votes attached to these shares and their percentage share in the total vote
Prior to the change, the State Treasury, represented by the Minister of State Treasury, held in aggregate 83,076,392 ordinary bearer shares in Grupa LOTOS S.A., representing 63.97% of the Company’s share capital and conferring the rights to 83,076,392 votes, representing 63.97% of the total vote in Grupa LOTOS S.A.
3. Number of shares currently held and their percentage share in the Company’s share capital, and the number of votes attached to these shares and their percentage share in the total vote
Currently the State Treasury, represented by the Minister of State Treasury, holds in total 69,076,392 ordinary bearer shares in Grupa Lotos S.A., representing 53.19% of the Company’s share capital and conferring the rights to 53.19% of the total vote in Grupa LOTOS S.A.
4. Subsidiaries of the notifying shareholder which hold Company shares
The State Treasury is not currently aware of any Grupa Lotos S.A. shares being held by its subsidiaries.
Legal basis for the publication of this report: Art. 70.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies, dated July 29th 2005 (Dz. U. No. 184, item 1539, as amended).