Grupa LOTOS S.A. (the “Company”) announces that on May 11th 2022 the Management Board of Grupa LOTOS S.A. passed a resolution to recommend to the Company’s Annual General Meeting that the net profit disclosed in the Company’s separate financial statements for 2021 of PLN 2,519,835,199.42 be fully allocated to the Company’s reserve funds in order to secure the Company’s financial liquidity.

 The recommendation will be submitted for endorsement to the Supervisory Board of Grupa LOTOS S.A. A final decision regarding allocation of net profit and non-payment of dividend will rest with the Annual General Meeting of Grupa LOTOS S.A.

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