logo

Execution of significant agreements between Grupa LOTOS S.A. and Mercuria Energy Trading S.A.
Report no. 26/20122012-07-04

In the period from May 1st 2012 to July 4th 2012, Grupa LOTOS executed contracts with Mercuria Energy Trading S.A. of Geneva for an aggregate amount of PLN 702m, which means that the value threshold for a significant agreement has been reached (more than 10% of the equity of Grupa LOTOS).

contract for the supply of crude oil to Grupa LOTOS. The contract was executed for a definite term (from July 4th 2012 to July 31st 2012). With its value of PLN 461m, it is the highest value contract from among the abovementioned contracts with Mercuria Energy Trading S.A.
The contract does not include any condition precedent or specify any date of events giving rise to a claim (dies a quo), nor does it provide for any contractual penalties. The other terms and conditions of the contract do not differ from the terms and conditions commonly applied in agreements of such type.

The legal basis for the publication of this Current Report is Par. 5.1.3 of the Minister of Finance’s Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009, as amended.