Further to Current Report No. 27/2008 of June 12th 2008, the Management Board of Grupa LOTOS S.A. reports that on June 17th 2008, the Extraordinary General Shareholders Meeting of Petrobaltic S.A. (controlled in 69% by Grupa LOTOS S.A.) approved the acquisition of 20% shares in LOTOS Exploration & Production Norge A.S. by Petrobaltic S.A. The approval was a condition necessary to finalise the sale of 8 million shares in LOTOS Exploration and Production Norge A.S. (representing 20% of the company’s share capital) by Grupa LOTOS S.A. to Petrobaltic S.A. The acquisition of the shares by Petrobaltic S.A., and consequently the take-over of full control over LOTOS Exploration & Production Norge A.S., is another step in pursuit of the assumed strategy and an element of the consistently implemented programme aimed at streamlining the structure of the LOTOS Group. 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 Exploration and Production Norge A.S. by Petrobaltic S.A. Approved by the Extraordinary General Shareholders Meeting of Petrobaltic S.A.
Report no. 96/20052008-06-18