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Suspension of trading in shares in Grupa LOTOS S.A. and stock futures contracts of Grupa LOTOS S.A. and the delisting of stock futures contracts in Grupa LOTOS S.A. in connection with the merger of Grupa LOTOS S.A. with PKN ORLEN S.A
Report no. 23/20222022-07-26

With reference to current report No. 22/2022, the management board of Grupa LOTOS S.A. (the “Company”) announces that it was informed on 26 July 2022 that the Management Board of the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie S.A.) (the “WSE”) adopted:

1)         resolution No. 710/2022 regarding the suspension of trading in shares in the Company on the Main Market of the WSE dated 25 July 2022 (“Resolution No. 710/2022”);

2)         resolution No. 711/2022 regarding the suspension of trading in Company stock futures contracts on the Main Market of the WSE dated 25 July 2022 (“Resolution No. 711/2022”); and

3)         resolution No. 712/2022 regarding the delisting of Company stock futures contracts from the Main Market of the WSE dated 25 July 2022 (“Resolution No. 712/2022”).

In accordance with Resolution No. 710/2022, pursuant to § 30 section 1 item 1) and section 1(a) of the WSE Rules, having considered the Company’s application, the Management Board of the WSE resolved to suspend the trading in shares in the Company from 29 July 2022 until the delisting of these shares from the Main Market of the WSE. In addition, acting pursuant to § 110 sections 10–12 of the WSE Rules, the Management Board of the WSE resolved that:

1)         brokerage orders involving shares in the Company already placed, but not executed until 28 July 2022 (inclusive), will expire; and

2)         from the trading suspension, i.e. from 29 July 2022, no brokerage orders will be accepted.

Resolution No. 710/2022 of the Management Board of the WSE came into force on the date of adoption.

Since the trading in shares in the Company has been suspended, in accordance with Resolution No. 711/2022, pursuant to § 30 section 1 item 2) and section 4 in conjunction with § 57 of the WSE Rules, the Management Board of the WSE resolved to suspend trading in Company stock futures contracts from 29 July 2022, and by virtue of Resolution No. 712/2022 – resolved to delist the Company stock futures contracts from the close of the first trading day after the merger of the Company with Polski Koncern Naftowy ORLEN S.A. pursuant to § 31 section 2 item 5) in conjunction with § 57 of the WSE Rules.

Legal basis: Article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.