On February 10th 2014, Grupa LOTOS S.A. executed an agreement with LOTOS Kolej Sp. z o.o. (a wholly-owned subsidiary of Grupa LOTOS S.A.) on the provision of rail transportation services to Grupa LOTOS S.A. (the “Agreement”).

As at the date of its execution, the value of the Agreement – concluded for 2014-2022 – is an estimated PLN 3bn.
The Agreement does not provide for contractual penalties for damage sustained by either Party. In such cases, the Party causing the damage is required to provide compensation up to the actual value of the damage. The other terms and conditions of the Agreement do not differ from the terms and conditions commonly applied in agreements of such type.

With the execution of the Agreement, the existing agreements between Grupa LOTOS S.A. and LOTOS Kolej Sp. z o.o. of December 29th 2006 (see Current Report No. 1/2007) and of August 10th 2009 (Current Report No. 34/2009) expired.
At an estimated value in excess of 10% of Grupa LOTOS S.A.’s equity, the Agreement has been classified as significant.

This current report is published pursuant to Par. 5.1.3 and Par. 5.1.5 of the Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009.