The Management Board of LOTOS S.A. hereby reports that on December 27th 2007 Grupa LOTOS S.A. and Shell Polska Sp. z o.o. executed an agreement on sale of fuels. The agreement, in effect from January 1st 2008 to December 31st 2008, provides for supplies of liquid fuels to Shell Polska Sp. z o.o. The estimated value of the agreement, which is the largest among all agreements executed with Shell Polska Sp. z o.o. over the past 12 months, is approximately PLN 380,000 thousand. Pursuant to the provisions of the agreement, the maximum estimated value of contractual penalties may reach PLN 6,000 thousand. Except as stated above, the agreement does not contain any provisions which would enable the parties to seek satisfaction of their claims for non-performance of the contractual obligations pursuant to the laws of general application. The other terms of the agreement do not differ from those customarily applied in agreements of this type. The agreement is deemed significant as the total estimated value of the agreements executed between Grupa LOTOS S.A. and Shell Polska Sp. z o.o. over the past 12 months amounts to PLN 660,000 thousand, thus exceeding 10% of the equity of Grupa LOTOS S.A. Legal basis for the publication of this report: Par. 5.1.3 of the Regulation of the Minister of Finance on current and periodic information to be published by issuers of securities, dated October 19th 2005.