Monthly refinery product slate in February 2020
Report no. 5/2020 2020-03-06

The Management Board of Grupa LOTOS S.A. (the “ Company”) presents, attached hereto, the structure of its refining output and the volume of crude oil processed in February 2020, in a technological configuration that takes into account the production units of Grupa LOTOS S.A. and the LOTOS Asfalt Sp. z o.o. units built as part of the EFRA Project.

The Company further announces that the product slate achieved in February 2020 is less favourable than the target slate. The reason was unscheduled downtime of the delayed coking unit (DCU). The DCU experienced disruptions to smooth operation that are characteristic of newly commissioned refinery units. These disruptions were resolved.
The event may lead to a lower-than-expected incremental (generated by the EFRA Project units) effective refining margin in the first quarter of 2020. The actual economic and financial impact on consolidated first-quarter 2020 performance will depend on a number of factors, including the product slate in March 2020 and changes in margins on particular products, which have seen major fluctuations since the beginning of this year.
Legal basis: Article 17(1) of MAR – Inside information.

Monthly refining output - February 2020