The Management Board of the Grupa LOTOS S.A. hereby reports that on June 29th 2006 Grupa LOTOS S.A. and PKN Orlen S.A. concluded two complementary commercial agreements on the sale of liquid fuels to PKN Orlen S.A. and on the purchase of liquid fuels by the Grupa LOTOS S.A. from PKN Orlen S.A., respectively. The estimated aggregate value of the agreements – concluded for a definite period and expiring on October 31st 2006 and September 30th 2006, respectively – stands at PLN 200,000 thousand. The agreements do not include contractual penalty clauses or provisions which would prevent either party from seeking compensation, on general terms, in the event of default. The agreements are not subject to any conditions of a temporal nature and are concluded on standard market terms. They are deemed significant as the aggregate value of all agreements concluded by Grupa LOTOS S.A. with PKN Orlen S.A. within the last 12 months represents more than 10% of Grupa LOTOS S.A.’s equity. Considering all agreements concluded between Grupa LOTOS S.A. and PKN Orlen S.A. to date, the abovementioned complementary agreements are of the highest value. Legal basis for the publication of this Current Report: Par. 5.1.3 of the Minister of Finance’s on current and periodic information to be published by issuers of securities, dated October 19th 2005
Conclusion of a Significant Agreement between Grupa LOTOS S.A. and PKN Orlen S.A.
Report no. 96/20052006-06-29