The Management Board of Grupa LOTOS S.A. hereby reports that on August 29th 2006 Grupa LOTOS S.A. executed an agreement with Kuwait Petroleum Corporation on the first supply of Kuweit Export oil to Grupa LOTOS S.A., to be effected in October 2006. The agreement provides for the supply of approx. 1m barrels of oil in October 2006. The agreement execution is part of the Company’s strategy for the years 2006–2012, which provides for the diversification of oil supplies to be implemented through: - increased own production, - supplies delivered via the Druzhba Pipeline from countries east of Poland, - supplies delivered by sea from other sources. Legal basis for the publication of this report: Art. 56.1.1 of the Public Offering Act – Inside Information.
Execution of an Oil Supply Agreement between Grupa LOTOS S.A. and Kuwait Petroleum Corporation
Report no. 96/20052006-08-29