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Satisfaction of conditions precedent for the agreement on acquisition of assets of significant value in the Sleipner Area on the Norwegian Continental Shelf, concluded by LOTOS Exploration and Production Norge AS and ExxonMobil Exploration and Production Norway AS connected to obtaining administrative decisions
Report no. 35/20152015-12-22

Further to Current Report No. 30/2015 of October 31st 2015, concerning execution of the agreement on acquisition of assets of significant value in the Sleipner Area on the Norwegian Continental Shelf, concluded by LOTOS Exploration and Production Norge AS (a subsidiary of the Issuer, owned by LOTOS Petrobaltic), the Management Board of Grupa LOTOS S.A. announces that on December 22nd 2015 it obtained information on satisfaction of conditions precedent for the agreement, i.e. securing of required administrative decisions of Norway’s Ministry of Finance and Ministry of Petroleum and Energy.  The transaction closing is planned up to December 31st 2015.

The legal basis for the publication of this Current Report is Par. 5.1.4 of the Minister of Finance’s 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, as amended.