Execution of EPC Contract Concerning the Construction of a Diesel Oil Hydro-Desulphurisation Unit
Report no. 96/20052006-11-15

The Management Board of Grupa LOTOS S.A. reports that on November 15th 2006, Grupa LOTOS S.A. and ABB Lummus Global executed an EPC contract for the construction of a diesel oil hydro-desulphurisation (HDS) unit licensed from Chevron Lummus Global. The construction of the HDS unit will enable the Company to comply with the EU requirements concerning the quality of diesel oils, which will be in force as of 2009. The unit’s throughput is adjusted to the planned oil processing volume of 10.5 million tonnes, with the annual output of desulphurised diesel oil at 2.3 million tonnes. The contract is to be executed over a period of 31 months. The contract is under execution as part of the development strategy of Grupa Kapitałowa LOTOS S.A. which provides for the construction of HDS units under the Comprehensive Technical Upgrade Programme. The Programme’s objective is to increase the throughput capacity of the Gdańsk refinery by approximately 75%, to 10.5 million tonnes of crude oil a year, with a higher conversion ratio. Legal basis: Art. 56.1.1. of the Public Offering Act – Inside Information