The Management Board of Grupa LOTOS S.A. hereby reports that on April 11th 2007 Grupa LOTOS S.A. entered into an agreement with LOTOS Jasło S.A. (80.01% owned by Grupa LOTOS S.A.), whereby it purchased 700 shares in LOTOS Tank Sp. z o.o. (until the transaction date a subsidiary of Grupa LOTOS S.A. in which the Company held 30% of shares). The shares purchased under the agreement, with a total par value of PLN 350 thousand, are equal and indivisible, and they account for 70% of LOTOS Tank Sp. z o.o.’s share capital. Grupa LOTOS S.A. acquired the shares for PLN 642.5 thousand, and financed the transaction with internally generated funds. The core business of LOTOS Tank Sp. z o.o. is wholesale trade in petroleum products. As a result of the transaction, Grupa LOTOS S.A. holds 1,000 shares, representing 100% of LOTOS Tank Sp. z o.o.’s share capital. The shares were acquired by Grupa LOTOS S.A. in pursuance of its strategy. The acquisition is a part of the consistently implemented programme aimed at streamlining the structure of the LOTOS Group, and the programme for the restructuring of the Southern Refineries. The value of the assets purchased under the agreement as disclosed in the accounting books of LOTOS Jasło S.A. is PLN 355.2 thousand. The assets are deemed significant because they represent more than 20% of shares in Tank Sp. z o.o. Legal basis for the publication of this report: Par. 5.1.1 of the Regulation of the Minister of Finance on current and periodic information to be published by issuers of securities, dated October 19th 2005
Acquisition of Shares in LOTOS Tank Sp. z o.o. by Grupa LOTOS S.A.
Report no. 96/20052007-04-11