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Acquisition of a Significant Block of Grupa LOTOS S.A. Shares by the State Treasury
Report no. 32/20092009-07-28

In connection with Current Report No. 29/2009 of July 23rd 2009, the Management Board of Grupa LOTOS S.A. hereby reports that today, i.e. on July 28th 2009, it received a notification concerning the acquisition by the State Treasury (represented by Minister of the State Treasury Aleksander Grad) of the following Grupa LOTOS S.A. shares:


- 50,109,000 ordinary registered Series A shares, with a par value of PLN 1.00 per share, representing 44.07% of Grupa LOTOS S.A.’s share capital and conferring the right to 50,109,000 votes, representing 44.07% of the total vote in Grupa LOTOS S.A.;


- 8,916,000 ordinary bearer Series A shares, with a par value of PLN 1.00 per share, representing 7.84% of Grupa LOTOS S.A.’s share capital and conferring the right to 8,916,000 votes, representing 7.84% of the total vote in Grupa LOTOS S.A.,


i.e. a total of 59,025,000 shares, representing in aggregate 51.91% of Grupa LOTOS S.A.’s share capital and conferring the right to 59,025,000 votes, which represent 51.91% of the total vote in Grupa LOTOS S.A.

The acquisition of the significant block of shares in Grupa LOTOS S.A. was a result of the implementation on July 22nd 2009 of the agreement between the State Treasury and Nafta Polska S.A., dated July 16th 2009, under which Nafta Polska S.A. undertook to transfer to the State Treasury certain shares, including the shares in Grupa LOTOS S.A., by way of payment for the Nafta Polska S.A. shares bought back from the State Treasury with a view to their voluntary retirement. In accordance with the received notification, prior to the change, the State Treasury held 7,878,030 shares in Grupa LOTOS S.A., representing in aggregate 6.93% of Grupa LOTOS S.A.’s share capital and conferring the right to 7,878,030 votes, which represented 6.93% of the total vote in Grupa LOTOS S.A.

Currently, in accordance with the received notification, the State Treasury holds 66,903,030 shares in Grupa LOTOS S.A., representing in aggregate 58.84% of Grupa LOTOS S.A.’s share capital and conferring the right to 66,903,030 votes, which represent 58.84% of the total vote in Grupa LOTOS S.A. 
The State Treasury is not aware of any of Grupa LOTOS S.A. shares being held by its subsidiaries.

The percentage share in the total number of votes in Grupa LOTOS S.A. given in the notification does not take into account the registration of the share capital increase at Grupa LOTOS S.A. of July 17th 2009 (Current Report No. 27/2009 of July 17th 2009). Following the registration of the share capital increase through the issue of Series C shares, the share capital of Grupa LOTOS S.A. is divided into 129,973,362 shares.

The legal basis for the publication of this Current Report is Art. 70.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies, dated July 29th 2005.