Supervisory Board’s approval for investment in ‘Polimery Police’ project
Report no. 13/2020 2020-06-03

Further to Current Report No. 12/2020 of May 31st 2020, Grupa LOTOS S.A. (“Company”) announces that, in votes completed on June 3rd 2020, the Supervisory Board:

1)      approved the proposed investment in the ‘Polimery Police’ project (“Project”), including execution of agreements comprising the transaction documentation, as described in Current Report No. 12/2020 (i.e. the investment agreement, loan agreement and shareholder agreement); and

2)      gave a positive opinion on the Management Board’s motion requesting the General Meeting to approve the acquisition by Grupa LOTOS S.A. of shares in Grupa Azoty Polyolefins S.A. of Police.

With the approval referred to in item 1) above, one of the conditions for entry into force of the key provisions of the investment agreement and, consequently, of the other agreements (the shareholder and loan agreements) has been satisfied.

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