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Significant Agreement Concluded between LOTOS Paliwa Sp. z o.o. and Pol-Miedź Trans Sp. z o.o.
Report no. 96/20052005-11-07

The Executive Board of Grupa LOTOS SA hereby reports that on November 7th 2005 it was notified that on November 4th 2005, LOTOS Paliwa Sp. z o.o. (wholly-owned subsidiary of Grupa LOTOS SA) and Pol-Miedź Trans Sp. z o.o. entered into a significant agreement on sale and delivery of liquid fuels to Pol Miedź-Trans Sp. z o.o. The agreement was concluded for an indefinite term. Its five-year value is estimated at PLN 1,560,000 thousand. If the seller fails to duly perform its obligations under the agreement, the buyer has the right to demand a contractual penalty in the amount of PLN 20 per cubic meter of fuel, per each commenced 24 hours of delay in the product delivery. Furthermore, should the seller fail to make a delivery or deliver less than 85% of the fuel ordered, it must pay a contractual penalty of PLN 20 per cubic meter of undelivered fuel. The terms of the agreement do not differ from standard market terms. The agreement is deemed significant as its value represents more than 10% of the equity of Grupa LOTOS SA. Legal basis for the publication of this report: Par. 5.1.3 of the Minister of Finance’s Regulation on current and interim information to be published by issuers of securities, dated October 19th 2005.