The Management Board of Grupa LOTOS S.A. reports that on January 14th 2008, Grupa LOTOS S.A. and BP Polska Sp. z o.o. of Kraków entered into an agreement on sale and purchase of liquid fuels between Grupa LOTOS S.A. and BP Polska Sp. z o.o. The agreement, whose estimated value amounts to PLN 1.300m, will remain in force until December 31st 2008. The estimated maximum value of contractual penalties is PLN 21,000 thousand. The agreement does not contain any provisions permitting either party to seek compensation in excess of the contractual penalties. The other terms and conditions of the agreement do not differ from the terms and conditions commonly applied in agreements of such type. The agreement is considered significant as its estimated value exceeds 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 published by issuers of securities, dated October 19th 2005.
Execution of Significant Agreement between Grupa LOTOS S.A. and BP Polska Sp. z o.o.
Report no. 96/20052008-01-15