Notification of UOKiK’s decision concerning ‘Polimery Police’ project
Report no. 2/2020 2020-01-22

Further to Current Reports No. 9/2019 of April 26th 2019, No. 35/2019 of October 31st 2019, No. 38/2019 of November 22nd 2019, No. 39/2019 of December 6th 2019 and No. 41/2019 of December 13th 2019, Grupa LOTOS S.A. (the “Company”) announces that on January 22nd 2020 it was notified of a decision issued by the President of the Polish Office of Competition and Consumer Protection (UOKiK) clearing the proposed concentration whereby Grupa Azoty S.A., Hyundai Engineering Co., Ltd., Korea Overseas Infrastructure & Urban Development Corporation and the Company are to establish a joint venture operating under the name of Grupa Azoty Polyolefins S.A.

The clearance satisfies one of the conditions precedent under the MoU forming the initial term-sheet with respect to Grupa LOTOS S.A.’s equity investment in and provision of debt financing for the ‘Polimery Police’ project (see Current Report No. 41/2019 of December 13th 2019).

Legal basis: Article 17(1) of MAR – Inside information.