Positive assessment by Supervisory Board of Management Board’s dividend recommendation
Report no. 11/2020 2020-05-11

Grupa LOTOS S.A. (the “Company”) announces that the Company’s Supervisory Board has positively assessed the Management Board’s proposal concerning distribution of the Company’s net profit for 2019, whereby:
1)      PLN 184,873,362, i.e. PLN 1 per share, is to be paid as dividend;
2)      PLN 649,432,676.97 is to be allocated to statutory reserve funds.

The Management Board’s proposal was announced by the Company in Current Report No. 10/2020 of May 6th 2020.

A final decision on the distribution of profit and payment of dividend will be made by the Annual General Meeting of the Company.

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