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Agreements Concluded between Grupa LOTOS S.A. and Lukoil Warsaw Sp. z o.o. Which Qualify to Be Considered a Significant Agreement Given Their Aggregate Value
Report no. 96/20052007-12-31

The Management Board of Grupa LOTOS S.A. hereby reports that on December 31st 2007 Grupa LOTOS S.A. and Lukoil Warsaw Sp. z o.o. of Warsaw (formerly ConocoPhillips Poland Sp. z o.o.) entered into a fuel purchase agreement. The agreement provides for the supply of liquid fuels to Lukoil Warsaw Sp. z o.o., and has been concluded for the period from January 1st 2008 to December 31st 2008. The agreement, whose estimated value is PLN 480,000 thousand, is the largest of the agreements concluded between Grupa LOTOS S.A. and Lukoil Warsaw Sp. z o.o. over the past 12 months, totalling PLN 840,000 thousand. The maximum estimated amount of contractual penalties provided for in the agreement is PLN 7,500 thousand. Payment of the contractual penalties excludes the right to seek compensation in excess of the penalties amount in accordance with laws of general application. The other terms of the agreement do not differ from standard terms used in this type of agreements. The agreement is deemed significant as the estimated value of the agreements concluded with Lukoil Warsaw Sp. z o.o. over the past 12 months has exceeded 10% of Grupa LOTOS S.A.’s equity. 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 provided by issuers of securities, dated October 19th 2005